secured loan


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.

Use secured loan in a sentence

John took out a secured loan so he could at long last get the farm he wanted all his life.

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I was glad to have a secured loan because I knew that it was safe and worth taking for me and my friend.

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The secured loan ensured that both parties would benefit and compliment each others investment strategy with guaranteed value being exchanged.

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