Secured Creditor: Canada Debt .ca defines Secured Creditor

Bankruptcy Term Secured Creditor

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Canada Debt has the definition to the bankruptcy and debt term Secured Creditor. Finding answers to terms such as Secured Creditor can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Secured Creditor in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Secured Creditor' is used as follows:

A person holding an instrument such as a mortgage or a lien on or against the whole or part of the property of a debtor as security for a debt due him from the debtor.