MLchartDataset catalogue

Secured party

Term · Law · MLC-T-LAW-004427

A lender, seller, or other person in whose favor a security interest is created or provided for under a security agreement. This party holds a claim against specific collateral provided by a debtor to secure a debt or obligation. The rights and obligations of a secured party are governed by Article 9 of the Uniform Commercial Code.

Table 1. Record
IdentifierMLC-T-LAW-004427
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004427",
  "term": "Secured party",
  "field": "Law",
  "definition": "A lender, seller, or other person in whose favor a security interest is created or provided for under a security agreement. This party holds a claim against specific collateral provided by a debtor to secure a debt or obligation. The rights and obligations of a secured party are governed by Article 9 of the Uniform Commercial Code.",
  "url": "https://mlchart.com/terminology/law/secured-party/"
}

Record 4,495 of 5,439 in Law terminology (MLC-0107). Request the full dataset.