- 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. Amy Hackney Blackwell. 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 debtCategory: Back Taxes & Tax DebtCategory: Bankruptcy, Foreclosure & Debt → BankruptcyCategory: Bankruptcy, Foreclosure & Debt → Student Loan DebtCategory: Bankruptcy, Foreclosure & Debt → Debt & Collection AgenciesCategory: Personal Finance & Retirement → Taxes
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 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