debt that has seniority in case the borrowing company defaults or is dissolved and its assets sold to pay creditors.
Debt that, in the event of default, has first claim on specified assets.
An obligation that includes property held as security for the payment of that debt; upon default, the property may be sold to satisfy the debt. Back to the Top
Bond backed by collateral the bondholder would own in the event of default.
A secured debt is one where the creditor secures a lien on personal or real property. A secured creditor has established, in perfecting a lien, the right to repossess the property to satisfy a debt in default.
Debt guaranteed by the pledge of assets or other collateral.
In bankruptcy proceedings, a debt is secured if the debtor gave the creditor a right to repossess the property or goods used as collateral.
A debt that is protected against default by the creditor's lien on collateral property.
Debt that has first claim on specified assets in the event of default.
Credit with collateral (a house or a car, e.g.) for the lender. View Capstone Lesson(s) that address this concept
A debt that has a form of collateral attached to it. If the debt is not repaid as scheduled then the collateral can be collected.
debt which is covered by specific assets in the event of a default.
a debt in which the creditor maintains a security
a debt in which your creditor has a lien on an identifiable piece of property that own to secure the debt
a debt secured against an asset that you own
a debt secured by an asset that entitles the secured creditor to take and sell the asset if you fall behind in payments
a debt that is backed by property
a debt that is collateralized by property
a debt that is secured by collateral, such as a home mortgage or car loan
a debt whose collectability is enhanced by a right to seize a particular piece of property before any other creditors of the debtor can do so
a loan or line of credit in which the creditor retains a security interest in an item of real or personal property
a loan where the creditor retains an interest in an asset
a loan where the creditor retains a security interest in an item of real or personal property such as a house, or an automobile
an asset pledged as collateral that can be sold to repay it, such as a car loan, mortgage, or furniture loan
A type of debt such as a mortgage that provides for foreclosure or repossession in event of default.
Debt backed or secured by collateral in order to reduce the risk associated with lending.
Secured debt has collateral such as a home mortgage or car loan.
Debt incurred in order to purchase a specific item over a period of time (typically automobile and home loans).
Debt backed by specified assets or revenues of the borrower. In the event of default, the lenders can force the sale of such assets to meet their claims. In the UK, secured debt is known as debenture( c.f. unsecured debt).
This type of debt is the result of money loaned on collateral, which might come inthe form of your home or other valuable possessions. If you neglect to pay off according to the terms agreed, the lender can acquire that collateral from you.
A debt subject to a security interest.
Debt subject to a security interest. Secured party - A creditor, seller or other person who holds a security interest in property of a debtor.
Debt the repayment of which is secured because the borrower has provided collateral to the lender. Most loans from banks are secured loans in which the company has given as a security interest in its assets, including inventory, accounts receivable and machinery and equipment.
When the debtor offers property as collateral to get the loan. It means that the creditor can take the property and sell it if the debtor does not pay off the loan.
A debt that is backed by some type of collateral in order to reduced the risk to the lender. An example is a car loan where the car is used as security (collateral) for the loan.
Debts that have collateral attached to them in the form of a lien on property, for example mortgage, car loan, or sometimes IRS tax liens.
A debt where certain property (collateral) can be repossessed or foreclosed upon if the debt is not paid.
a claim secured by a lien in the debtors property.
A debt a creditor has a lien on.
A type of debt that is secured by collateral such as a house (a mortgage or a home equity loan) or a car.
A debt that is guaranteed by property that is equal to or more than the amount of the loan.
is debt that is attached to a reasonable amount of collateral.
Money loaned for a specific item, called collateral. Home mortgages and auto loans are considered secured debt. A creditor may repossess the collateral if the loan is not paid as agreed.
A debt on which a creditor has a lien. A car loan would be an example of secured debt.
Debt in which debtor gives creditor a right to repossess property or goods (called collateral) if debtor defaults on the loan.
A secured debt is a specific item used as collateral to guarantee payment. If the payments cease, the creditor is entitled to the item designated as collateral.
When there is a lien such as a mortgage, car loan, or for such things as car repairs, that is considered a secured debt. The lien holder is entitled to the value of the property less any higher priority liens before payment to unsecured creditors. A first mortgage where the property is worth more than the balance due is a secured claim.
Debts for which the extension of credit was based upon the creditor's right to seize pledged property on default, in addition to the debtor's ability to pay.
Debt that is secured by collateral, which might come in the form of the home or other valuable possessions. If the borrower neglects to pay off according to the terms agreed, the lender can acquire that collateral from the borrower.
A secured debt is one where the creditor takes personal or real property as collateral. A creditor whose debt is secured has a right to take property to satisfy a debt in default. For example, most homes are burdened by a secured debt in the form of a mortgage. This means that the lender has the right to take the home if the borrower fails to make payments on the loan.
Debt that is secured by some form of collateral, most often a debtor's home.
Debt backed by a mortgage, pledge of collateral, or other lien; debt for which the creditor has the right to pursue specific pledged property upon default. Examples include home mortgages, auto loans and tax liens.
debt that is backed by collateral. For example: mortgage or car loan.
A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien to satisfy the debt in the event of default. Compare this to an unsecured debt.
Debts linked to collateral. The collateral guarantees payment of the debit, or the creditor has a right to take the collateral. Secured debt is most commonly used when purchasing homes or cars.
A claim secured by a lien in the debtor's property by reason of the debtor's agreement or an involuntary lien such as a judgment or tax lien. The creditor's claim may be divided into a secured claim, to the extent of the value of the collateral, and an unsecured claim equal to the remainder of the total debt. Generally a secured claim must be perfected under applicable state law to be treated as a secured claim in the bankruptcy.
A debt on which a creditor has a lien. The creditor can institute a foreclosure or repossession to take the property identified by the lien, called the collateral, to satisfy the debt if you default. Compare unsecured debt.
A debt that is secured by a lien on a debtor's property (typically a mortgage loan) that may be taken by the creditor if the debtor defaults on his or her payments.
A debt that is secured by a lien on debtor's property that may be taken by the creditor in case of nonpayment by the debtor. A common example is a mortgage loan.
Debt secured by a claim on the borrower's property. Car loans and mortgages are common types of secured debt. Lenders are willing to offer money at lesser rates with secured debt, because they have an asset they can seize if the borrower doesn't pay as agreed.
Money borrowed that is guaranteed (or secured) by the borrower's funds and held by the lender in an interest-bearing account. Typically required when a borrower is without credit or has poor credit. The lender usually returns the secured money plus a nominal rate of earned interest to the borrower with a certain period of time if a good credit history is established. Distinguished from unsecured debt.
A debt on which collateral has been pledged by the borrower. The creditor can institute a foreclosure or repossession, or take the property identified by the lien, called the collateral, to satisfy the debt if you default.
Secured debt is that category of debt in which a creditor has been granted a portion of the bundle of rights to specified property. The opposite of secured debt is unsecured debt, which is not connected to any specific piece of property. The purpose of securing debt is to allow the creditor to take the property in the event that the debt is not properly repaid, with the underlying belief that permitting this course of action allows debtors to get loans on more favorable terms than that available for unsecured debt, or to be extended credit under circumstances when credit under terms of unsecured debt would not be extended at all.