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
 Related Terms

<< Secured debt Secured short term financing >>

Managing Your Expenses on a Fixed or Reduced Income: Once you've retired, you finally have the opportunity to work at your dream job - keeping yourself happy. It's your chance to visit places you've always wanted to see, take up a new hobby and spend more time with your family and friends. But to be successful at this new position, you've got to make the most of your income and investments. Here are suggestions. More...

Let the refining and improving of your own life keep you so busy that you have little time to criticize others. - H. Jackson Brown, Jr.


Copyright 2009-2019 GVC. All rights reserved.