Dictionary » Letter S » secured creditor
A lender such as a bank who has placed a lien on a borrower's assets. As a result, the lender has collateral until the loan amount is repaid.
| » For more clarity on this term: |
← Go Back |
Watch our new HD seminar videos (4+ hours) when you join AccountingCoach Pro. |
![]() |
Receive our popular 15-page Cheat Sheet at no cost when
you join our free newsletter: