A person in whose favor a security interest is created or provided for under a security agreement regardless of whether an obligation to be secured is outstanding;
Also, a person that holds an agricultural lien, a consignor...
secured transactions
(Wex page)
Secured Transaction Law: An Overview
A security interest arises when, in exchange for a loan, a borrower agrees in a security agreement that the lender (the secured party) may take specified collateral owned by the borrower if he or she should...