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Secured transaction information


A secured transaction is a loan or a credit transaction in which the lender acquires a security interest in collateral owned by the borrower and is entitled to foreclose on or repossess the collateral in the event of the borrower's default. The terms of the relationship are governed by a contract, or security agreement.[1] In the United States, secured transactions in personal property (that is, anything other than real property) are governed by Article 9 of the Uniform Commercial Code (U.C.C.).[2]

  1. ^ "Secured transactions". LII / Legal Information Institute. Archived from the original on 2023-02-13. Retrieved 2023-05-10.
  2. ^ § 9-101. Short Title., U.C.C. Text § 9-101

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Secured transaction

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a secured creditor through a secured transaction is protection during a bankruptcy proceeding. In the event of a bankruptcy proceeding, a secured creditor...

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Secure Electronic Transaction

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Secure Electronic Transaction (SET) is a communications protocol standard for securing credit card transactions over networks, specifically, the Internet...

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Secure

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Communist Romania Security (finance), e.g. secured loans Secured transaction, a loan or a credit transaction in which the lender acquires a security interest...

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Security agreement

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between the parties to a kind of financial transaction known as a secured transaction. In a secured transaction, the Grantor (typically a borrower but possibly...

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HTTPS

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authenticated HTTPS connections were usually found only on secured payment transaction services and other secured corporate information systems on the World Wide...

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Credit card

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business charge cards in the United States, however. A secured credit card is a type of credit card secured by a deposit account owned by the cardholder. Typically...

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Cryptocurrency

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ledger, which is a computerized database using strong cryptography to secure transaction records, control the creation of additional coins, and verify the...

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Financial transaction

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financial transaction is an agreement, or communication, between a buyer and seller to exchange goods, services, or assets for payment. Any transaction involves...

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Repurchase agreement

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bonds, and stocks may all be used as "collateral" in a repo transaction. Unlike a secured loan, however, legal title to the securities passes from the...

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Personal property

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services. Law portal Chattel house Communal property Jus relictae Secured transaction State property Trespass to chattels Palgrave, Robert Harry Inglis...

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Secured creditor

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

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Carpool

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allow drivers and passengers to find a travel match and/or make a secured transaction to share the planned travel cost. Like other online marketplaces...

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Transaction banking

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emphasis on securing relationships in a world where both competition and clients are becoming more global and sophisticated. Transaction banking is also...

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Idem sonans

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contains information relevant to the secured transaction and puts other creditors on notice that the filer has a secured interest in the property. Should...

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Leveraged buyout

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provided to companies with very stable and secured cash flows, such as real estate portfolios with rental income secured by long-term rental agreements. Typically...

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Transaction authentication number

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A transaction authentication number (TAN) is used by some online banking services as a form of single use one-time passwords (OTPs) to authorize financial...

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EMV

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authorize the transaction. This was much faster than before, but required the transaction to occur in a fixed location. Consequently, if the transaction did not...

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Blockchain

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are securely linked together via cryptographic hashes. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data...

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CICS Transaction Gateway

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IBM CICS Transaction Gateway provides secure access to CICS from Java, Java EE, .NET Framework, C and C++ applications, using Internet protocols (for...

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Index of law articles

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Secretary of State for the Home Department – Secularism – Secured creditor – Secured transaction – Security – Security agreement – Security deposit – Security...

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Security interest

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question the utility of security interests and secured lending generally. Proponents argue that secured interests lower the risk for the lender, and in...

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SOFR

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Secured Overnight Financing Rate (SOFR) is a secured overnight interest rate. SOFR is a reference rate (that is, a rate used by parties in commercial contracts...

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ISO 8583

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ISO 8583 is an international standard for financial transaction card originated interchange messaging. It is the International Organization for Standardization...

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Card security code

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expiration date to complete a transaction. It is possible for a fraudster to guess the CSC by using a distributed attack. 3-D Secure Credit card fraud ISO 8583...

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Transaction Network Services

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Transaction Network Services (TNS) is a privately held, multinational company in the payments, financial and telecommunications industries. TNS is the...

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Session Initiation Protocol

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port. If secure transmission is required, the scheme sips is used. SIP employs design elements similar to the HTTP request and response transaction model...

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Smart card

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can be equipped with capability to provide transaction security. Typically, online payments are made secure thanks to the Card Security Code (CSC), also...

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