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Secured creditors

• Creditors who have specific assets pledged as collateral and in liquidation of the failed firm receive proceeds from the sale of those assets.

 
 

Follow this link for all the terms related to credit.

 
 Embedded terms in definition
 Assets
Collateral
Firm
Liquidation
Sale
 
 Related Terms
 Best interests of creditors test
Secured
Secured debt
Secured loan
Secured short term financing
Unsecured, or general, creditors

<< Secured Secured debt >>

Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

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