Secured Claim definition: Copy, customize, and use instantly
Introduction
The term "Secured Claim" refers to a debt or obligation that is backed by collateral, ensuring the creditor's priority to the value of the collateral in case of default. This term is crucial in determining the priority and enforceability of claims in bankruptcy or insolvency proceedings.
Below are various examples of how "Secured Claim" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Secured Claim" for collateral-backed debts
This definition ties "Secured Claim" to debts supported by collateral.
"Secured Claim" means any obligation or debt owed to a creditor that is secured by a lien or interest in collateral, providing the creditor with priority in the event of default or bankruptcy.
Definition of "Secured Claim" for bankruptcy proceedings
This definition connects "Secured Claim" to bankruptcy scenarios.
"Secured Claim" refers to a claim in bankruptcy proceedings that is backed by a specific asset or property interest, granting the creditor the right to be paid from the proceeds of the sale or liquidation of that asset.
Definition of "Secured Claim" for debt collection
This definition links "Secured Claim" to the collection of secured debts.
"Secured Claim" means a claim for payment or recovery that is backed by collateral, which can be claimed by the creditor if the debtor defaults on the obligation.
Definition of "Secured Claim" for priority in liquidation
This definition ties "Secured Claim" to liquidation priorities.
"Secured Claim" refers to a creditor's right to be paid from the proceeds of the liquidation or sale of specific assets pledged as collateral for the obligation, ahead of unsecured creditors.
Definition of "Secured Claim" for financial security
This definition connects "Secured Claim" to providing financial security for the lender.
"Secured Claim" means a claim that is supported by collateral, such as real property or financial instruments, ensuring that the creditor has a secured interest in the asset for debt recovery.
Definition of "Secured Claim" for collateralized loans
This definition links "Secured Claim" to loans with collateral.
"Secured Claim" refers to the claim made by a lender or creditor for a loan or debt that is secured by collateral, providing a legal right to seize or sell the collateral if the borrower defaults.
Definition of "Secured Claim" for rights in insolvency
This definition ties "Secured Claim" to rights in an insolvency scenario.
"Secured Claim" means a debt or obligation that is guaranteed by an asset or collateral, giving the creditor a superior right to payment in the event of the debtor's insolvency.
Definition of "Secured Claim" for mortgage-backed claims
This definition connects "Secured Claim" to mortgage debt.
"Secured Claim" refers to a claim for repayment of debt that is secured by a mortgage or other security interest in real property, granting the creditor the right to foreclose if necessary.
Definition of "Secured Claim" for rights to liquidate collateral
This definition ties "Secured Claim" to the liquidation of collateral.
"Secured Claim" means a debt for which the creditor holds a lien or security interest in collateral, providing the creditor with the ability to liquidate the collateral to satisfy the claim.
Definition of "Secured Claim" for creditors in default situations
This definition connects "Secured Claim" to creditor rights in default situations.
"Secured Claim" refers to a claim held by a creditor against a debtor, where the debt is secured by collateral, allowing the creditor to enforce their claim through the liquidation of the collateral if the debtor defaults.
Definition of "Secured Claim" for debt repayment
This definition ties "Secured Claim" to debt repayment through collateral.
"Secured Claim" means an obligation or debt that is secured by a lien on or security interest in property, ensuring the creditor’s priority in receiving repayment from the liquidation or sale of that collateral.
Definition of "Secured Claim" for bankruptcy priority
This definition connects "Secured Claim" to bankruptcy proceedings.
"Secured Claim" refers to any claim in bankruptcy that is supported by collateral, allowing the creditor to be paid from the proceeds of the collateral before unsecured creditors.
Definition of "Secured Claim" for mortgage-backed debts
This definition links "Secured Claim" to debts backed by a mortgage.
"Secured Claim" refers to a claim that is backed by a mortgage or other real property interest, allowing the creditor to foreclose on the property in the event of a default.
Definition of "Secured Claim" for financial stability
This definition ties "Secured Claim" to the creditor's financial position.
"Secured Claim" means a debt that is secured by collateral, which provides the creditor with greater financial security in recovering amounts owed in case of default or insolvency.
Definition of "Secured Claim" for loan agreements
This definition connects "Secured Claim" to loan agreements.
"Secured Claim" refers to any claim arising from a loan agreement where the repayment is guaranteed by collateral, ensuring the lender's priority for repayment.
Definition of "Secured Claim" for creditor rights
This definition links "Secured Claim" to the rights of creditors.
"Secured Claim" means a claim held by a creditor with the legal right to seize or liquidate specific collateral if the borrower defaults on their payment obligations.
Definition of "Secured Claim" for insolvency proceedings
This definition ties "Secured Claim" to insolvency scenarios.
"Secured Claim" refers to any claim in an insolvency proceeding where the creditor’s right to repayment is secured by collateral, giving the creditor priority over other claims.
Definition of "Secured Claim" for secured loans
This definition connects "Secured Claim" to loans secured by collateral.
"Secured Claim" means a debt or loan that is backed by specific collateral, ensuring that the creditor has a claim on the asset if the borrower fails to fulfill the terms of the loan.
Definition of "Secured Claim" for enforcement in default
This definition links "Secured Claim" to enforcement actions in case of default.
"Secured Claim" refers to a debt that is enforceable through the liquidation or sale of collateral, ensuring the creditor can recover the debt in case of default.
Definition of "Secured Claim" for judgment creditors
This definition ties "Secured Claim" to creditors with a court judgment.
"Secured Claim" means a debt owed to a creditor who has obtained a court judgment and secured their claim through a lien or mortgage on property.
Definition of "Secured Claim" for asset-backed claims
This definition connects "Secured Claim" to claims backed by tangible assets.
"Secured Claim" refers to any claim that is secured by an asset, such as property, equipment, or receivables, providing the creditor with rights to the asset in case of default.
Definition of "Secured Claim" for priority in liquidation
This definition links "Secured Claim" to a creditor’s priority in liquidation.
"Secured Claim" means a debt that is backed by collateral, giving the creditor priority in receiving repayment from the sale or liquidation of the collateralized asset.
Definition of "Secured Claim" for creditor enforcement rights
This definition ties "Secured Claim" to creditor enforcement.
"Secured Claim" refers to a debt for which the creditor has the legal right to enforce their claim by taking possession of the collateral if the debtor defaults on the obligation.
Definition of "Secured Claim" for collateralized debt instruments
This definition connects "Secured Claim" to debt instruments that are collateralized.
"Secured Claim" means a debt or obligation for which the repayment is guaranteed by a collateralized debt instrument, such as bonds or promissory notes secured by an underlying asset.
Definition of "Secured Claim" for commercial loans
This definition links "Secured Claim" to commercial lending scenarios.
"Secured Claim" refers to a claim resulting from a commercial loan, where the loan is secured by collateral such as business assets or property to guarantee repayment.
Definition of "Secured Claim" for real estate transactions
This definition ties "Secured Claim" to real estate transactions.
"Secured Claim" means a claim arising from a real estate transaction where the loan or debt is secured by the property in question, allowing the creditor to foreclose if the borrower defaults.
Definition of "Secured Claim" for trade receivables
This definition connects "Secured Claim" to trade receivables.
"Secured Claim" refers to a claim based on trade receivables that are secured by a security interest in the receivables, ensuring the creditor's rights to collect the receivables in case of default.
Definition of "Secured Claim" for debt restructuring
This definition ties "Secured Claim" to debt restructuring situations.
"Secured Claim" means a claim that is secured by collateral and has priority in repayment during a debt restructuring process, providing the creditor with assurance of payment even in a modified repayment scenario.
Definition of "Secured Claim" in the context of bankruptcy
This definition links "Secured Claim" to its role in bankruptcy proceedings.
"Secured Claim" means any claim that is backed by collateral, which, in the event of bankruptcy, will have priority over unsecured claims to the proceeds from the sale of the collateral.
Definition of "Secured Claim" in loan agreements
This definition connects "Secured Claim" to the security interest in loan agreements.
"Secured Claim" refers to a claim held by a lender that is backed by a lien on specific assets of the borrower, ensuring repayment in the event of default.
Definition of "Secured Claim" in asset-backed securities
This definition ties "Secured Claim" to its use in asset-backed securities.
"Secured Claim" means a claim that is supported by a pool of assets, providing the creditor with a right to repayment from the liquidation of the underlying assets if the debtor defaults.
Definition of "Secured Claim" in credit agreements
This definition connects "Secured Claim" to its role in credit agreements.
"Secured Claim" refers to a debt obligation where the creditor holds a legal claim over specified assets as collateral to secure the repayment of the outstanding debt.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.