Secured transaction definition

Secured transaction means a transaction that creates a security right in a movable asset. Thus, there is no substantive difference between the title of the Model Law in the language versions that do not use the term “secured transaction” and the title of the UNCITRAL Legislative Guide on Secured Transactions.

Secured transaction means any transaction in which personal property acts to secure payment or performance of an obligation by the buyer-owner of the personal property, and wherein the lender, seller or other person retains or reserves equitable title to the personal property not withstanding shipment or delivery to the buyer-owner.

Secured transaction means a transaction that creates a security right, including for convenience of reference an outright transfer of a receivable, without re-characterizing it as a secured transaction;

Examples of Secured transaction in a sentence

• All capitalized terms used and not otherwise defined herein shall have the meanings ascribed to them in the Florida Revised Uniform Commercial Code - Secured Transaction, Chapter 679, Florida Statutes (2019) or as incorporated therein by reference therein.

• Secured Transaction Programme pursuant to which the Issuer may issue Securities and enter into other Transactions.

• Annual Fee None for Union, Gold or Standard; $35 for Union Plus; $37 for Standard Plus; $45 for Gold Plus; or $50 for Gold Secured or Standard Secured Transaction Fees • Cash Advance • Balance Transfer 3% of each advance (minimum $5) 3% of each balance transfer (minimum $5) Penalty Fees  Late Payment Up to $35  Returned Payment Up to $25 How We Will Calculate Your Balance: We use a method called “average daily balance (including new transactions).” See your account agreement for more details.

• Implementing and Improving Registered Pledge / Secured Transaction Systems in CEE and SEE Challenge: Prior to 1999 several counties in South East Europe (SEE) had not yet implemented registered pledge /secured transaction systems.

• When financing statements have been filed in the appropriate offices against each Grantor in the locations listed on Exhibit E, the Collateral Agent will have a validly perfected first priority security interest in that Collateral of the Grantor in which a security interest may be perfected by the filing of financing statements, subject only to liens or security interests permitted under the Secured Transaction Documents.

More Definitions of Secured transaction

Secured transaction means any transaction of any kind whatsoever giving rise to a Secured Obligation.

Secured transaction means a transaction that creates a security right. Although an outright transfer of a receivable does not secure the perform- ance of an obligation, for convenience of reference the term also includes an outright transfer of a receivable;21

Secured transaction means an arrangement between the grantor and the secured creditor which creates a security right in the grantor’s moveable property;

Secured transaction means any transaction specified in section 2 of the Act;

Secured transaction means: (a) an Electronic Commerce Transaction processed using Internet Authentication; and/or (b) a Mail/Telephone Transaction processed using the Card Security Code; Security Code means any of the following contained in a Card: contents of the magnetic stripe; the card verification value contained in the magnetic stripe and/or in a chip; the card security code printed on the back of a card; and/or the PIN verification value contained in the magnetic stripe; Separate Agreement has the meaning given to it in Clause 2.3; Services the merchant acquiring and other services provided by Paysafe to the Merchant and as detailed in the Merchant Back Office Tool from time to time including, in each case where applicable to the Merchant, the Account Updater Service, the Fraud Screening Service, the Hosted Payment Service, the Payment Gateway Service, the Recurring Transaction Service and any Additional Service(s); Termination Event any termination event described in Clause 22 (Suspension and Default Termination); the Merchant the person shown as the merchant in the Application Documentation and, as the context requires, is deemed to include any person acting on behalf of such person;

Secured transaction means a transaction that creates a proprietary (as opposed to personal) security right in movable property (as opposed to immovable property);

Secured transaction means any transaction specified in section 2 of the Act; “value” means the value that a person gives where the person acquires the rights