What is a secured knees-up?
Answers: "Secured party" means a lender, peddler or other person surrounded by whose favor there is a surety interest, including a person to whom accounts or chattel quality newspaper have be sold. When the holders of obligations issued beneath an indenture of trust, equipment trust agreement or the like are represented by a trustee or other personage, the representative is the secured party;
An instance would be If you loaned someone some money and you required that the borrower put up some property as collateral, you would be the secured gathering. .