Secured transaction definition
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;
Secured transaction means any transaction of any kind whatsoever giving rise to a Secured Obligation.
More Definitions of Secured transaction
Secured transaction means a transaction that creates a security right. While an outright transfer of a receivable does not secure the performance of an obligation, for convenience of reference, the term also includes an outright transfer of a receivable;19
Secured transaction means: (a) an Electronic Commerce Transaction processed using Internet Authentication; and/or (b) a Mail/Telephone Transaction processed using the Card Security Code; Security Code means any of the following contained in a Card: contents of the magnetic stripe; the card verification value contained in the magnetic stripe and/or in a chip; the card security code printed on the back of a card; and/or the PIN verification value contained in the magnetic stripe; Separate Agreement has the meaning given to it in Clause 2.3; Services the merchant acquiring and other services provided by Paysafe to the Merchant and as detailed in the Merchant Back Office Tool from time to time including, in each case where applicable to the Merchant, the Account Updater Service, the Fraud Screening Service, the Hosted Payment Service, the Payment Gateway Service, the Recurring Transaction Service and any Additional Service(s); Termination Event any termination event described in Clause 22 (Suspension and Default Termination); the Merchant the person shown as the merchant in the Application Documentation and, as the context requires, is deemed to include any person acting on behalf of such person;
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 means a transaction that creates a security right. For convenience of reference, the term also includes an outright transfer of a receivable, without re-characterizing it as a secured transaction;
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 a Transaction which fulfils the following requirements:
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.