248 “Secured creditor”, etc
248 “Secured creditor”, etc

In this Group of Parts, except in so far as the context otherwise requires—

(a)     “secured creditor”, in relation to a company, means a creditor of the company who holds in respect of his debt a security over property of the company, and “unsecured creditor” is to be read accordingly; and

(b)     “security” means—

(i)     in relation to England and Wales, any mortgage, charge, lien or other security, and

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