Secured Party

This is the party having the security interestThe creditor's right to take property or a portion of property offered as security.. Thus the mortgageeThe lender., the conditional sellerA person who makes a transfer of title to real estate., the pledgeeOne who is given a pledge or a security. (See definition of Secured Party.), etc., are all now referred to as the secured party. (Uniform Commercial CodeEstablishes a unified and comprehensive method for regulation of security transactions in personal property,.)