Translations for „secured party“ in the English » German Dictionary

secured party N INV-FIN

Specialized Vocabulary

secured party

Sicherungsnehmer m

Monolingual examples (not verified by PONS Editors)

English

Under the proposed amendments, a secured party that has control over the financial account will have priority over one that does not have control.

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Defects in the financing statement could result in a secured party losing out to other creditors.

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The secured party in a strict foreclosure takes physical possession of collateral, and the debt for which the property served as collateral is discharged as fulfilled.

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Would, for instance, a provision in a security agreement that grants the secured party control over the secured property on the occurrence of an insolvency event be void?

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On the occurrence of a default by the collateral transferor, the secured party need not take any steps to enforce its rights against the cash collateral.

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The security parties are the debtor, known as the secured party, and the creditor, known as the security holder.

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The right is purely passive; the secured party (the "lienee") has no right to sell the assets - merely a right to refuse to return them until paid.

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The secured party taking control of the relevant property, although this is limited to certain financial assets.

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In addition, the secured party can't rely on the exception if the debtor is in default at the time of the request.

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This can result in a secured party abandoning its collateral to repair or storage companies in situations where the lien costs exceed the market value of the vehicle.

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