________ is the person or the party that holds the interest in the secured property.
A) A debtor
B) A ruling party
C) An approved party
D) A secured party
E) An attached party

Question

Quizplus · Accepted Answer

A secured party is the person or entity that holds an interest, typically a security interest, in the property that is being used as collateral for a loan or obligation. This interest gives them a legal right to the property if the debtor defaults on the obligation.

________ Is the Person or the Party That Holds the Interest