SECURED CREDITOR

A creditor who holds some special pecuniary assurance of payment of his debt, such as a mortgage or lien. … [Read more...] about SECURED CREDITOR

A loan where a security is pledged of equal or greater value than the amount of the loan. … [Read more...] about SECURED

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

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

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