A transaction where property is pledged as collateral for a loan or purchase. … [Read more...] about SECURED TRANSACTION
SECTATORES
Suitors of court who, among the Saxons, gave their judgment or verdict in civil suits upon the matter of fact and law. 1 Reeve, Eng. Law, 22. … [Read more...] about SECTATORES
SECURITAS
In old English law.Security; surety. In the civil law. An acquittance or release. Spelman; Calvin. … [Read more...] about SECURITAS
SECURED
A loan where a security is pledged of equal or greater value than the amount of the loan. … [Read more...] about SECURED
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