A transaction where property is pledged as collateral for a loan or purchase. … [Read more...] about SECURED TRANSACTION
SECURED
A loan where a security is pledged of equal or greater value than the amount of the loan. … [Read more...] about SECURED
SECURED DEBT
A debt on which a creditor has a security or a lien. The creditor can foreclose or repossess the property or security that is identified by the lien which is called collateral and may be used to satisfy the debt if the debtor defaults. … [Read more...] about SECURED DEBT
SECURITAS
In old English law.Security; surety. In the civil law. An acquittance or release. Spelman; Calvin. … [Read more...] about SECURITAS
SECUNDUM
Lat. In the civil and common law. According to. Occurring In many phrases of familiar use, as follows: Secundum sequnm et bonum. According to what is just and right. Secundum, allegata et probata. According to what is alleged and proved; according to the allegations and proofs. 15 East, 81; Cloutman v. Tunison, 1 Sumn. 375, Fed. Cas. No. 2,907. Secundum artem. According to the … [Read more...] about SECUNDUM