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secured loan
Language
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Edit
English
edit
Noun
edit
secured
loan
(
plural
secured loans
)
(
finance
,
business
)
A
loan
in which the
borrower
pledges
some
asset
as
collateral
for the
loan
, which then becomes a
secured
debt
owed to the
creditor
who issues the
loan
.
Coordinate term:
secured debt
Categories
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English nouns
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en:Finance
en:Business
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