The person or party that holds the interest in the secured property is the ________.

A) subrogee
B) assignee
C) delegatee
D) secured party
E) third-party beneficiary

Secured Party

An individual or entity that has been given a security interest in the property of a debtor as collateral for a loan or obligation.

Secured Property

is assets or property used as collateral to secure a loan, ensuring the lender can recover the loan through repossession if necessary.

Interest

The cost of borrowing money, typically expressed as a percentage rate over the period of a loan, or the earnings from investment over the same timeframe.