A creditor who holds some special pecuniary assurance of payment of his debt, such as a mortgage or lien. … [Read more...] about SECURED CREDITOR
SECURED
A loan where a security is pledged of equal or greater value than the amount of the loan. … [Read more...] about SECURED
SECURE
1. To protect, insure, or save a right. 2. The constitution of the United States, art. 1, s. 8, gives power to congress to promote the progress of science and the useful arts by securing, for limited times, to authors and inventors the exclusive right to their respective writings and discoveries. The inventor of a machine has the right to it exclusively at common law, and the … [Read more...] about SECURE
SECTION OF LAND
In American land law. A division or parcel of land, on the government survey, comprising one square mile or 640 acres. Each "township" (six miles square) is divided by straight lines into thirty-six sections, and these are again divided into half-sections and quarter-flections. The general and proper acceptation of the terms … [Read more...] about SECTION OF LAND
SECULAR
Not spiritual; not ecclesiastical; relating to affairs of the present world. Secular business. As used in Sunday laws; this term includes all forme of activity in the business affairs of life, the prosecution of a trade or employment and commercial dealings; such as the making of promissory notes,lending money, and the like. Secular clergy. In ecclesiastical law, this term la … [Read more...] about SECULAR