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单词 secured creditor
释义

secured creditor

Definition
Lender who holds legally enforceable claim on a borrower's asset(s) of a liquidation value equal to or greater than the loan amount. Secured creditors are entitled to receive the proceeds of the foreclosure sale of the pledged asset(s) and, in case of a bankruptcy, must be satisfied before the unsecured creditor(s).
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更新时间:2025/3/10 11:09:32