Secured transaction definition

Secured transaction means a transaction that creates a security right in a movable asset. Thus, there is no substantive difference between the title of the Model Law in the language versions that do not use the term “secured transaction” and the title of the UNCITRAL Legislative Guide on Secured Transactions.

Secured transaction means any transaction in which personal property acts to secure payment or performance of an obligation by the buyer-owner of the personal property, and wherein the lender, seller or other person retains or reserves equitable title to the personal property not withstanding shipment or delivery to the buyer-owner.

Secured transaction means a transaction that creates a security right, including for convenience of reference an outright transfer of a receivable, without re-characterizing it as a secured transaction;

Examples of Secured transaction in a sentence

• Secured transaction laws depend on good filing and enforcement.• Bankruptcy laws matter by improving access to finance.• Transplantation of laws is usually not effective, the need to develop country specific legal rules and most importantly ensure enforcement.

• Secured transaction laws are important in both common and civil law countries, as lenders prefer to receive collateral to ensure loan repayment.

• Secured transaction law, on the other hand, deals with consensual security interests in personal property.

• Secured transaction reforms would allow firms to pledge their moveable property as collateral, hence reducing lending risks.

• Secured transaction laws depend on good filing and enforcement.Bankruptcy laws matter by improving access to finance.Transplantation of laws is usually not effective, the need to develop country specific legal rules and most importantly ensure enforcement.

More Definitions of Secured transaction

Secured transaction means any transaction of any kind whatsoever giving rise to a Secured Obligation.

Secured transaction. Laws shall mean the Uniform Commercial Code as the same may be amended and in effect from time to time in the State of New York, and the Personal Property Security Act (Ontario), the expression Secured Transaction Laws meaning each and every of these personal security statutes. Securities Act shall mean the Securities Act of 1933, as amended, and all rules and regulations promulgated thereunder. Security Documents shall mean the Pledge Agreement and the IP Security Agreement to be executed and delivered as provided in Paragraph 2(m) of Section 2 hereof and the Mortgages to be executed and delivered as provided in Paragraph 2(t) of Section 2 hereof.

Secured transaction means an arrangement between the grantor and the secured creditor which creates a security right in the grantor’s moveable property;

Secured transaction. Laws shall mean the Uniform Commercial Code as the same may be amended and in effect from time to time in the State of New York, and the Personal Property Security Act (Ontario), the expression Secured Transaction Laws meaning each and every of these personal security statutes. Settlement Date shall mean the date, weekly (and more frequently, at the discretion of the Administrative Agent, upon the occurrence of an Event of Default or a continuing decline or increase of the Revolving Loans) on which the Administrative Agent and the Lenders shall settle amongst themselves so that (x) the Administrative Agent shall not have, as the Administrative Agent, any money at risk and (y) on such Settlement Date the Lenders shall each have a pro rata amount (proportionate to their respective Commitments) of all outstanding Revolving Loans made (or deemed made) for the Lenders by the Administrative Agent provided that each Settlement Date for a Lender shall be a Business Day on which such Lender and its bank are open for business.

Secured transaction means a Transaction which fulfils the following requirements:

Secured transaction means a transaction based on which a bank takes on an exposure where the risk is mitigated by funded credit protection and this protection is not provided under a margin agreement;

Secured transaction means any transaction specified in section 2 of the Act;