secured party



Lender, obligee, or seller who holds a security interest or lien against a pledged asset. Secured parties are satisfied before the unsecured parties from the proceeds of a foreclosure or liquidation sale.

Use secured party in a sentence

Related Videos

Are You a Business Whiz?

Have a question about secured party? Ask for help in the
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z