Advertising

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
 

<< Secured debt Secured short term financing >>

Practical Advice for Everyone on How to Save and Manage Money: No matter how old or young you are, there are some basic things you can do to better manage and protect your money. Here are recommendations from FDIC Consumer News. More...

There is no such thing as can't, only won't. If you're qualified, all it takes is a burning desire to accomplish, to make a change. Go forward, go backward. Whatever it takes! But you can't blame other people or society in general. It all comes from your mind. When we do the impossible we realize we are special people. Jan Ashford

Advertising



Copyright 2009-2019 GVC. All rights reserved.