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Secured bond |
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Secured bondA bond which is secured by the guarantee of assets or collateral.Secured bondA bond backed by the pledge of collateral, a mortgage, or other lien, as opposed to an unsecured bond, called a debenture .Secured bond Similar MatchesWriting cash secured putsWriting cash secured putsAn option strategy to avoid using a margin account. Instead of depositing margin with a broker, a put writer can deposit a cash balance equal to the option exercise price, and can avoid additional margin calls. Secured creditorSecured creditorA creditor who has a charge over the assets of a debtor in the event of the debtor failing to meet his/her obligations. Unsecured debtUnsecured debtDebt that does not identify specific assets that the debtholder is entitled to in case of default. Unsecured loanUnsecured loanA loan where the lender has no entitlement to any of the borrower's assets in the event of the borrower failing to make the loan repayments. Such a loan normally carries a higher interest rate than a secured loan. Unsecured loan stockUnsecured loan stockLoan stock issued by a company but without security. The holder of the loan stock does not have entitlement to any of the company's assets in the event of non repayment of the loan. Further SuggestionsSecured debtsecured loan |
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