secured debt
n.
A debt that is guaranteed by certain items that the creditor may take if the debtor fails to pay back the loan.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


secured debt
A debt that gives the creditor the right to take property pledged as security for the debt (collateral) if the debtor does not pay. For example, a creditor can repossess a car if the debtor defaults on the car loan. Compare: unsecured debt
Category: Back Taxes & Tax Debt
Category: Bankruptcy, Foreclosure & Debt → Bankruptcy
Category: Bankruptcy, Foreclosure & Debt → Student Loan Debt
Category: Bankruptcy, Foreclosure & Debt → Debt & Collection Agencies
Category: Personal Finance & Retirement → Taxes

Nolo’s Plain-English Law Dictionary. . 2009.

Look at other dictionaries:

  • Secured debt — Debt that, in the event of default, has first claim on specified assets. The New York Times Financial Glossary * * * secured debt secured debt ➔ debt * * * secured debt UK US noun [C or U] (also secured liabilities [plural]) ► FINANCE …   Financial and business terms

  • secured debt — debt that has first claim on specified assets in the event of default. Bloomberg Financial Dictionary * * * secured debt secured debt ➔ debt * * * secured debt UK US noun [C or U] (also secured liabilities [plural]) …   Financial and business terms

  • secured debt — debt backed by a mortgage, pledge of collateral or other lien. It is debt for which the creditor has the right to pursue specific pledged property upon default (Glossary of Common Bankruptcy Terms) A claim secured by a lien in the debtor s… …   Glossary of Bankruptcy

  • Secured Debt — Debt backed or secured by collateral to reduce the risk associated with lending. An example would be a mortgage, your house is considered collateral towards the debt. If you default on repayment, the bank seizes your house, sells it and uses the… …   Investment dictionary

  • secured debt — debt that has specific guarantees placed against it …   English contemporary dictionary

  • secured debt — See secured creditor; secured transaction …   Ballentine's law dictionary

  • secured debt —    A debt on which a creditor has a lien. In the event of a default, the creditor can bring an action allowing foreclosure or repossession to take the property identified by the lien (i.e., the collateral or security). Compare unsecured debt …   Business law dictionary

  • secured debt — /sɪ kjυəd det/ noun a debt which is guaranteed by assets which have been pledged …   Dictionary of banking and finance

  • Secured Debt — (обеспеченный долг) долговое обязательство, которое полностью или частично обеспечено …   Ипотека. Словарь терминов

  • Senior Secured Debt —    Secured debt that is paid first in the event of a default …   Financial and business terms

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