Secured Loan Definition
A loan that is backed by collateral.
A loan backed by collateral.
A loan backed by collateral and secured against something tangible such as a home (real estate).
A loan guaranteed by collateral.
A loan backed by collateral, often inventories or receivables.
Loan backed by collateral.
A loan that offers collateral such as a home or an automobile, as security for repayment of the loan.
Any loan backed by collateral.
A loan whose re-payment is guaranteed by the pledging of a piece of collateral.
A loan secured by specific collateral. Creditor may foreclose and seize the specific property that is collateral to satisfy an unpaid secure loan.
A loan that is secured using your property.
A borrower’s obligation which includes the pledging of some form of collateral to protect the lender in case of default.
loan providers may offer lower interest rates if you secure a loan against your home. This means the lender will have a claim against your home if you default on the loan payments.
When you get a secured loan, you sign a contract called a security agreement. The security agreement gives the lender a security interest in the property you have pledged as collateral for the loan. Examples of secured loans are car loans, boat loans, motorcycle loans, and snowmobile loans.
A loan backed by something valuable, such as property.
highered.
A loan secured by the pledge of, or a lien on, property as collateral; for example, a mortgage loan on real estate property.
Loan where the lender has taken a special claim on particular assets or revenues of the company.
A loan in which the borrower pledges collateral.