In a three-party secured transaction, the party that purchases the goods or services is known as the buyer-secured creditor.

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In a three-party secured transaction, the party that purchases the goods or services is typically referred to as the debtor or borrower, not the buyer-secured creditor. The secured creditor is the party that lends money or extends credit to the debtor, and the debtor provides the creditor with a security interest in certain assets as collateral.

In a Three-Party Secured Transaction, the Party That Purchases the Goods