Redevelopment Capital Inc. is the secured party in a secured transaction with Skyway Airport Corporation. Redevelopment Capital is also known as
A)the debtor.
B)the secured creditor.
C)the security interest.
D)collateral.

Question

Quizplus · Accepted Answer

In a secured transaction, the secured party is the one who is given a security interest in the collateral to secure the performance of an obligation, typically the repayment of a loan. Therefore, Redevelopment Capital Inc., being the secured party, is best described as the secured creditor.