secured loan Definition

secured loan

Definition

A loan which is backed by assets belonging to the borrower in order to decrease the risk assumed by the lender. The assets may be forfeited to the lender if the borrower fails to make the necessary payments.

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secured loan is ...
... part of the Lending & Credit subject.

Related Terms

note loan -

signature loan -

secured loan appears in the definitions of these other terms on BusinessDictionary.com

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