Secured Creditor
Bouvier's Law Dictionary and Concise Encyclopedia · John Bouvier; revised by Francis Rawle · 1914
Bouvier's Law Dictionary and Concise Encyclopedia
Under the bankrupt aot it includes a creditor who has security for his debt upon the property of the bankrupt, of a nature to be assignable under the act, or who owns a debt for which some indorser, surety or other person secondarily liable for the bankrupt has such security upon the bankrupt’s assets. A creditor of a bankrupt holding a mortgage on exempt property is not a secured creditor; In re Bailey, 176 Fed. 99.