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.
Related terms
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Secured debt
Debt backed by security over an asset, such as a mortgage over property or a charge over business assets.
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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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Asset-backed lending
Finance secured against assets such as property, stock, equipment or receivables. The lender’s position depends on the security it holds.
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