Definitions for "secured"
Backed by a pledge of collateral. opposite of unsecured.
A loan is said to be secured if collateral has been given to the lender by the borrower or a third party as security for the loan. The lender may or may not be looking to the collateral as the primary source of repayment of the loan.
Any borrowing which is made against an item of value. This is usually usually a home or property. If you fail to make the payments, the creditor has the right to claim the property for which the loan was secured against.
Term used in police communications to indicate that a radio channel is unavailable for normal communications due to a special event or major incident. A channel may be secured for a lengthy chase, a hostage situation or a parade. This commonly happens to RPD channel 4 or any TAC channel.
To take guarantee over property for purposes of protecting a loan
The term means the security of something. So, when we speak about a secured loan, we mean that security is ensured by a payment guarantee.
Guaranteed as to payment by the pledge of something valuable.
firmly fastened or secured against opening; "windows and doors were all fast"; "a locked closet"; "left the house properly secured"
Is a credit instrument, which has priority of claim against a specific asset or portfolio of assets.
A loan that is backed by the offering of an asset to the lender.
Charges Created when a company borrows money against security. The company is then required to register information about such charges at the Company's Registry.
secured by written agreement