Skip to main content
Find a Lawyer

term:

Secured Transaction

secured transaction n

: 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

Source: Merriam-Webster’s Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.

See More Small Business Law Terms

See Other Legal Glossaries

Copied to clipboard