Secured Creditor - Law Dictionary Search Results
Secured creditor
Matched in: Term Secured creditor
secured creditor
Matched in: Term secured creditor
lien creditor
Matched in: Term lien creditor
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creditor
Matched in: Term creditor
lien
the taxes assessed to pay for the improvement attachment lien : a lien acquired on property by a creditor upon levy of an attachment car·ri·er's lien : a lien against freight conferring on the carrier the right … duty that is created by agreement of the parties or esp. by operation of law ;specif : a security interest created esp. by a mortgage assessment lien : a lien that is on property benefiting from an
adequate protection
list of examples of actions that are predetermined to provide adequate protection. When a court finds that a secured creditor is not adequately protected, the creditor may obtain relief from the automatic stay from creditors' collection attempts that … adequate protection : such action as is judicially determined to protect a secured creditor's interest in property that is part of a bankrupt estate NOTE: The U.S. Bankruptcy Code offers a list
interest
is deductible from adjusted gross income under federal tax law when it is paid on debt that is secured by one's residence and that was incurred for the acquisition, construction, improvement, or refinancing of the residence or … personal property or fixtures created by a security agreement that secures payment or performance of an obligation [the creditor had a security interest in the inventory and accounts receivable of the business] called also Article Nine security
Mortgage
a pecuniary liability. The transferor is called a mortgagor, the principal money an interest of which payment is secured for the time being are called the mortgage money, and the instrument, if any by which the transfer … [fr. mort, Fr., dead, and gage, pledge], a deed pledge; a thing put into the hands of a creditor. A mortgage is the creation of an interest in property, defeasible (i.e., annullable) upon performing the condition of
Default
non-payment of any principal debt or interest thereon or any other amount payable by a borrower to any secured creditor consequent upon which the account of such borrower is classified as non-performing asset in the books of account … which the account of such borrower is classified as non-performing asset in the books of account of the secured creditor in accordance with the directions or guidelines issued by the Reserve Bank. [Securitisation and Reconstruction of Financial Assets
Security agreement
agreement, instru-ment or any other document or arrangement under which security interest is created in favour of the secured creditor including the creation of mortgage by deposit of title deeds with the secured creditor. [Securitisation and Reconstruction of … in favour of the secured creditor including the creation of mortgage by deposit of title deeds with the secured creditor. [Securitisation and Reconstruction of Financial Assets and Enforcements of Security Interest Act, 2002 (54 of 2002), s. 2(1)
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