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Secured debt |
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Secured debtDebt that has first claim on specified assets in the event of default.Secured debt Similar MatchesUnsecured 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 debtUnsecured debtDebt that does not identify specific assets that the debtholder is entitled to in case of default. Secured bondSecured bondA bond backed by the pledge of collateral, a mortgage, or other lien, as opposed to an unsecured bond, called a debenture . 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. Secured bondSecured bondA bond which is secured by the guarantee of assets or collateral. Further Suggestionssecured loansecured creditor Writing cash secured puts |
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