secured transaction

noun

Legal Definition of secured transaction

: a transaction that is intended to create a security interest in personal property (as goods) or fixtures and that is governed by Article 9 of the Uniform Commercial Code — compare security agreement

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“Secured transaction.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/secured%20transaction. Accessed 25 Sep. 2020.

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