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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 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. 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. Secured loanSecured loanA loan where the borrower offers an asset to which the lender has access in the event of the borrower failing to make the loan repayments. Writing 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. Unsecured debtUnsecured debtDebt that does not identify specific assets that the debtholder is entitled to in case of default. Further Suggestionssecured bondSecured bond secured creditor |
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