secured creditor

secured creditor definition - legal

n

A creditor who is holding security in the form of a lien sufficient to cover the amount that the debtor owes, as in a security interest in an automobile by the lender that financed its purchase. 

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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