The phrase "a secured party" is correct and usable in written English.
It is typically used in legal and financial contexts to refer to a party that has a security interest in collateral.
Example: "In the event of default, the secured party has the right to seize the collateral to satisfy the debt."
Alternatives: "a lienholder" or "a secured creditor".
They also found a title certificate with the name Rob Olson crossed out as a secured party, a letter addressed to a Roger R. Olson of 3151 Johnson Street, and a videotape rental receipt made out to Rob Olson and dated two days earlier.
Asked why the brothers filed a legal complaint rather than waiting for the estate to be settled, Mr. Pressly, the lawyer for Mr. Jaffe, said, "Just like in any commercial transaction, it is incumbent on a secured party to immediately call the court's attention to their insecurity, not to wait around for other events to occur".
"To accomplish strict foreclosure, the secured party must send a written proposal to retain the collateral in satisfaction of the debt".
To perfect an interest in such intangibles, the assignee (or "secured party") must file with the public records a "financing statement" signed by the debtor, which gives the names of both assignor and assignee and describes the "collateral" by type or item.
The recognition and assertion of security interests is subject to rules that aim at the separate satisfaction of the secured party from the proceeds of the collateral.
(3) if the purchaser obtained control through another person under Section 8-106(d)(3), the time on which priority would be based under this subsection if the other person were the secured party.
This classification could be very beneficial for coin lending businesses as UCC 9-332(a) reads: "A transferee of money takes the money free of a security interest unless the transferee acts in collusion with the debtor in violating the rights of the secured party". Meaning that as long as the transferee isn't colluding to avoid the lien, Bitcoin transfers are free and clear of it.
The lender lacks standing because title had to pass to the secured parties for the arrangement to legally qualify as a "security".
The lender lacks standing because title had to pass to the secured parties for the arrangement to legally qualify as a "security". The lender has been paid in full and has no further legal interest in the claim.
A quick look at the docket shows that the company is party to a secured lending facility that gives the lenders a lien on all of the debtor's assets, including its cash.
Since the network needs to manage billions of nodes, machines and users with sensitive information stored in distributed heterogeneous databases from multiple parties, a secured global scaled EPC Discovery Service (EPCDS) system is needed for managing and facilitating the communications among participants.
