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.
Related Terms
Related Terms on BusinessDictionary
Popular 'Lending & Credit' Terms
Related Personal Finance Articles
Loading...
secured loan in the news
Loading...
Enter your email address to get our free Term of the Day newsletter!
secured loan is ...
... part of the Lending & Credit subject.
Nearby Terms
Search volume for secured loan
Get our content on your iGoogle page
RSS