secured loan

secured loan
As security for borrowing, a lender commonly takes a charge over some or all of a company's assets. This allows the lender to take and sell the secured assets and to use the proceeds to repay the indebtedness.

Easyform Glossary of Law Terms. — UK law terms.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • secured loan — ➔ loan1 * * * secured loan UK US noun [C] ► FINANCE SECURED CREDIT(Cf. ↑secured credit) …   Financial and business terms

  • Secured loan — A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan. The debt is thus secured against the collateral in… …   Wikipedia

  • secured loan — loan which is given against specific collateral …   English contemporary dictionary

  • secured loan — /sɪ kjυəd ləυn/ noun a loan which is guaranteed by the borrower giving assets as security …   Marketing dictionary in english

  • secured loan — /sɪ kjυəd ləυn/ noun a loan which is guaranteed by the borrower giving assets as security …   Dictionary of banking and finance

  • Secured Loan — обеспеченный долг в виде кредита …   Ипотека. Словарь терминов

  • loan — n 1 a: money lent at interest b: something lent usu. for the borrower s temporary use 2: a transfer or delivery of money from one party to another with the express or implied agreement that the sum will be repaid regardless of contingency and usu …   Law dictionary

  • secured credit — ➔ credit1 * * * secured credit UK US noun [U] (also secured loan [C]) ► FINANCE loans involving an agreement for the lender to take particular assets from the borrower if they cannot pay the money back: »The company managed to keep in business by …   Financial and business terms

  • secured and unsecured — Companies can issue a series of debentures or debenture stock, which essentially means secured loan stock. The instrument creates indebtedness owing by the company to the holder, usually carrying interest and maturing on a particular date when… …   Law dictionary

  • Loan — For other uses, see Loan (disambiguation). Finance Financial markets …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”