Define: Secured Creditor

UK Accounting Glossary

Definition: Secured Creditor


Quick Summary of Secured Creditor


A secured creditor is a creditor who holds either a fixed or a floating charge over the assets of a debtor.



What is the dictionary definition of Secured Creditor?

Dictionary Definition


A secured creditor is a creditor with the benefit of a security interest over some or all of the assets of a debtor.


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Full Definition of Secured Creditor



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Examples of Secured Creditor in a sentence


This new acquisition made them the biggest secured creditor, meaning they will gain preference over other suppliers.
The plan has to be approved by the majority of unsecured creditors as well as each secured creditor.
This may pose a problem for secured creditors who wish to vote.
Despite the acquisition the secured creditor may still have the right to pursue the debt.
A partially secured creditor is entitled to receive a dividend on the unsecured part of his claim having valued his security.


Secured Creditor FAQ's



Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/secured-creditor/
Modern Language Association (MLA):
Secured Creditor. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 17, 2019 https://payrollheaven.com/define/secured-creditor/.
Chicago Manual of Style (CMS):
Secured Creditor. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/secured-creditor/ (accessed: September 17, 2019).
American Psychological Association (APA):
Secured Creditor. PayrollHeaven.com. Retrieved September 17, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/secured-creditor/

Definition Sources


Definitions for Secured Creditor are sourced/syndicated from:


This glossary post was last updated: 4th May 2019.