A secured transaction is one in which the creditor and debtor carry out financial transactions in a secure medium,such as a private communication channel.

Name: A secured transaction is one in which the creditor and debtor carry out financial transactions in a secure medium,such as a private communication channel.
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A secured transaction involves a security interest in collateral to secure the payment or performance of an obligation, not just the use of a secure communication medium.

A Secured Transaction Is One in Which the Creditor and Debtor