Secured debt
Debt backed by security over an asset, such as a mortgage over property or a charge over business assets.
Related terms
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Secured creditor
A creditor with enforceable security over an asset, giving it rights against that asset if the debt is not paid.
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Secured loan
A loan backed by a specific asset or assets that the lender may be able to enforce against if repayments are not made.
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Legal charge
A form of security over property that gives a lender enforceable rights if the secured debt is not paid.
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