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government. This officer is appointed by the president. His duties are to execute all such orders as he shall receive from the president, relative to the procurement of naval stores and materials, and the construction, armament, equipment and employment of vessels of war; as well as all other matters connected with the naval establishment of the United States; he appoints his … [Read more...] about SECRETARY OF THE NAVY

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

government. An officer appointed by the president. His principal duties are, 1. To superintend the collection of the revenue. 2. To digest, prepare, and lay before congress at the commencement of every session, a report on the subject of finance. 3. To annex to the annual estimates of the appropriations required for the public service, a statement of the appropriations for the … [Read more...] about SECRETARY OF THE TREASURY OF THE US

A transaction where property is pledged as collateral for a loan or purchase. … [Read more...] about SECURED TRANSACTION

To conceal or hide away. Particularly, to put property out of the reach of creditors, either by corporally hiding it, or putting the title in another's name, or otherwise hindering creditors from levying on it or attaching it Pearre v. Hawkins, 62 Tex. 437; Guile v. McNanny, 14 Minn. 522 (Gil. 391) 100 Am. Dec. 244 ; Sturz v. Fischer, 15 Misc. Rep. 410, 36 N. Y. Supp. 894. … [Read more...] about SECRETE