secured

secured
protected or guaranteed as in the case of a loan where the lender holds the title of some asset until the borrower has repaid the loan in full. Glossary of Business Terms

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secured se‧cured [sɪˈkjʊəd ǁ -ˈkjʊrd] adjective FINANCE
1. a secured loan, debt etc is protected by an agreement that if it is not paid, the borrower must give the lender certain assets, such as property or shares:

• Secured credit cards are backed by a deposit that a consumer must make with the card issuer.

• The secured debentures will mature on Jan. 15, 2006.

2. secured lender/​creditor someone who lends money, with an agreement that if the debt is not paid, the borrower has to give the lender certain assets, such as property or shares:

• The company's secured lender foreclosed on the company's assets last week.

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secured UK US /sɪˈkjʊəd/ adjective
FINANCE secured loans, debts, etc. involve an agreement for the lender to take particular assets from the borrower if the money is not paid back: secured capital/financing/debt »

The company has agreed to pay about £2.7 million to outside creditors to resolve its secured and unsecured debts.

»

secured bonds/credit cards/notes


Financial and business terms. 2012.

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Look at other dictionaries:

  • secured — adj 1 a: guaranteed or protected by security a secured claim b: constituting security secured property 2: having a security interest an interest rendering the primary lender secured 3: involving o …   Law dictionary

  • secured — The status a creditor has when he has security or a right in some property that he can sell or realize on. (Dictionary of Canadian Bankruptcy Terms) United Glossary of Bankruptcy Terms 2012 …   Glossary of Bankruptcy

  • secured — Supported or backed by security or collateral such as a secured debt for which property has been pledged or mortgaged. See security @ secured bond Bond backed by collateral, mortgage, or other type of security Compare debenture @ secured creditor …   Black's law dictionary

  • Secured — Secure Se*cure , v. t. [imp. & p. p. {Secured}; p. pr. & vb. n. {Securing}.] 1. To make safe; to relieve from apprehensions of, or exposure to, danger; to guard; to protect. [1913 Webster] I spread a cloud before the victor s sight, Sustained the …   The Collaborative International Dictionary of English

  • secured — adj. Secured is used with these nouns: ↑creditor, ↑loan …   Collocations dictionary

  • secured — un·secured; …   English syllables

  • secured creditor — see creditor Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. secured creditor …   Law dictionary

  • Secured transactions in the United States — are an important part of the law and economy of the country. By allowing lenders to take a security interest in a debtor s asset as collateral, secured transactions provide lenders with greater confidence that they will be repaid. This increased… …   Wikipedia

  • secured transaction — secured trans·ac·tion n: a transaction that is intended to create a security interest in personal property (as goods) or fixtures and that is governed by Article 9 of the Uniform Commercial Code compare security agreement Merriam Webster’s… …   Law dictionary

  • secured creditor — An entity holding a claim against the debtor that is secured by a lien on property of the estate or that is subject to a right of setoff (SA Bankruptcy.com) A creditor holding a lien (secured claim) on property. (Bernstein s Dictionary of… …   Glossary of Bankruptcy

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