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Secured creditor
Practical Law ANZ Glossary w-006-4201 (Approx. 3 pages)
Glossary
Secured creditor
A creditor of an individual or a company who has a security (for example, a security interest or a mortgage) over some or all of the individual's or the company's property.
For information on the general corporate issues that lenders and borrowers should be aware of when taking and giving security, including corporate benefit, financial assistance, related party transactions and voidable transactions, see Practice note, Taking security: general considerations.
For information on the issues to consider when taking security over:
- All the property of a company in the context of a financing transaction, see Practice note, Taking security over all the property of a company.
- Shares and other marketable securities, see Practice Note, Taking security over shares and other marketable securities.
- Intellectual property, see Practice note, Taking security over intellectual property.
- Bank accounts, specifically accounts held with authorised deposit-taking institutions (ADI accounts), under the Personal Property Securities Act 2009 (Cth) (PPSA), see Practice note, Taking security over bank accounts and ADI accounts.
- Receivables and other accounts under the PPSA, see Practice note, Taking security over receivables and accounts.