Definitions for "Secured Creditor"
A creditor who hold security over a debtor's property eg: a mortgage• Debts - for Creditors• Debts - for Debtors
A creditor holding a lien (secured claim) on property.
A person or organisation which has lent funds on the security of specific assets of the debtor. In the event that the debtor defaults on its obligation the secured creditor may be entitled to have the assets in question sold to recover the debt. (Opposite of Unsecured Creditor).
One whose claim or debt is secured by a specific right to obtain satisfaction against the particular property subject to forfeiture.
a person or business that loaned you money with the condition that if you failed to repay the debt they had a right to one (or some) of your possessions