a creditor who holds some special pecuniary assurance of payment of his debt, such as a mortgage or lien. A creditor who has the right, on the debtor’s default, to proceed against collateral and apply it to the payment of the debt. – Also termed secured party.

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“who holds some special pecuniary assurance of payment of his debt, such as a mortgage of lien.” – Black’s Law Dictionary 1st edition, page 1073.

 

“a creditor who holds some special pecuniary assurance of payment of his debt, such as a mortgage or lien.” – Black’s Law Dictionary 2nd edition, page 1066.

 

“A creditor who holds some special pecuniary assurance of payment of his debt, such as a mortgage or lien. In re New York Title and Mortgage Co., 160 Misc. 67, 289 N.Y.S. 771, 785, 160 Misc. 67.” – Black’s Law Dictionary 4th edition, page 1522.

 

“See CREDITOR.”

CREDITOR:

secured creditor. A creditor who has the right, on the debtor’s default, to proceed against collateral and apply it to the payment of the debt. – Also termed secured party.

‘Secured party’ means CA) a person in whose favor a security interest is created or provided for under a security agreement, whether or not any obligation to be secured is outstanding; (B) a person that holds an agri­ cultural lien; (C) a consignor; (D) a person to which accounts, chattel paper, payment intangibles, or promis­sory notes have been sold; or (E) if a security interest or agricultural lien is created or provided for in favor of a trustee, agent, collateral agent, or other representative, that representative.” UCC § 9-102(a)(50).” – Black’s Law Dictionary 7th edition, page 1357.

 

secured creditor.See CREDITOR.”

CREDITOR:

secured creditor.A creditor who has the right, on the debtor’s default, to proceed against collateral and apply it to the payment of the debt. UCC § 9-102(a)(72). — Also termed secured party. “- Black’s Law Dictionary 8th edition, page 1116.

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