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Secured loan

• A loan that has specific assets pledged as collateral.

• These are the loans which require that certain assets must be pledged as security. In case of default, the lender will receive these assets. Once pledged, the same assets cannot be pledged to someone else. Most bank loans require that accounts receivables and inventory be pledged as security.

 
 

Follow this link for all the terms related to loan.

 
 Embedded terms in definition
 Accounts receivable
Assets
Collateral
Default
Inventory
Receivables
Security
Will
 
 Related Terms
 

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