secured transaction


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secured transaction

n. any loan or credit in which property is pledged as security in the event payment is not made. (See: mortgage, deed of trust, lien, pawn, UCC-1)

References in periodicals archive ?
The creation of secured transaction registry will facilitate small borrowers from SME and agriculture sector to secure credit from financial institutions against their movable assets e.g.
ISLAMABAD -- The federal government has entrusted the function of Secured Transaction Registry (STR) for unincorporated entities to the Securities and Exchange Commission of Pakistan (SECP).
The creation of secured transaction registry will facilitate small borrowers from small and medium enterprises and agriculture sector to secure credit from financial institutions against their movable assets e.g.
"Stay in contact with your customer and general contractor," said Chris Ring of NACM's Secured Transaction Services (STS).
Therefore, from a legal perspective, a secured transaction system is an effective stimulus for credit, as it mitigates risks and alleviates market malfunctions.
Strengthening Secured Transactions Framework: (Establishment of Registry for Movable Assets): Secured Transaction Reform calls for existence of a modern secured transaction law that provides for establishment of registry office in the country to register charge on assets especially moveable assets of the borrowers and hence facilitate smooth flow of credit from financial institutions to manufacturing sectors.
In partnership with the UK Dept for Intl Development, IFC is supporting development of the leasing market ande modernization of its secured transaction system:
has been its secured transaction system and its related registry
Colombo, May 17 -- Sri Lanka' s Credit Information Bureau (CRIB), is to set up a 'secured transaction registry' from June 01, will allow people to borrow using moveable property like furniture and vehicles for the first time in the country said Senior Central Bank official.
From a practical standpoint and in the context of the Mexican legal system (as well as other legal systems in Latin America), a loan transaction or credit sale is secured and, thus, a secured transaction exists not only when creditors obtain a security interest in certain assets, but also when they put in place contracts that create strong obligations from the debtor or from third parties which can be effectively and efficiently enforced.
Following this, the next step in the project is the creation of an effective secured transaction system."
Incorporating both his experience teaching and changes in the case law and practice, Sepinuck updates the textbook for a three-credit course on the law of secured transaction. As with other code-based subjects, he focuses on problems rather than cases, explaining the relevant rules and the policies underlying them for each of the 177 problems.