secured lender
Definition
Lender who holds a fixed and/or a floating charge on a borrower's assets or property. In case of the liquidation sale of the borrower's property following a default, the secured lenders are paid before the unsecured ones who are paid before the stockholders (shareholders). Investors in the debt securities (bonds, debentures, notes) of a firm have the same precedence over the firm's stockholders as the lenders.
secured lender is in the Accounting & Auditing, Banking, Commerce & Finance and Corporate, Commercial, & General Law subjects.
secured lender appears in the definitions of the following terms: lender, unsecured lender and security agreement
This content can be found on the following page:
http://www.businessdictionary.com/definition/secured-lender.html
email to a friend print this definition cite this definition