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Secured Loan

A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan. The debt is thus secured against the collateral — in the event that the borrower defaults, the creditor takes possession of the asset used as collateral and may sell it to satisfy the debt by regaining the amount originally lent to the borrower, for example, foreclosure of a home. From the creditor's perspective this is a category of debt in which a lender has been granted a portion of the bundle of rights to specified property. The opposite of secured debt/loan is unsecured debt, which is not connected to any specific piece of property and instead the creditor may satisfy the debt against the borrower rather than just the borrower's collateral.

There are two purposes for a loan secured by debt. In the first purpose, by extending the loan through securing the debt, the creditor is relieved of most of the financial risks involved because it allows the creditor to take the property in the event that the debt is not properly repaid. In exchange, this permits the second purpose where the debtors may receive 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. The creditor may offer a loan with attractive interest rates and repayment periods for the secured debt.



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  • the american spectator

    Monthly magazine of investigative reporting and commentary.
    Source : http://www.spectator.org/




  • the american spectator amspecblog

    when he sentenced the radical anti-American lawyer who became a willing participant in Privacy Policy| Contact. Copyright 2008, The American Spectator
    Source : http://spectator.org/blog




  • the american spectator wikipedia the free encyclopedia

    The American Spectator magazine. The American Spectator is a conservative U.S. monthly magazine covering news and politics, edited by R. Emmett Tyrrell Jr.
    Source : http://en.wikipedia.org/wiki/The_American_Spectator




  • americanspectator com

    americanspectator.com
    Source : http://www.americanspectator.com/




  • american spectator sourcewatch

    The American Spectator is a conservative political magazine founded by R. Emmett Tyrrell Jr. It is operated by the nonprofit American Spectator Foundation, Inc.[1]
    Source : http://www.sourcewatch.org/index.php?title=American_Spectator




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  • american spectator magazine subscription magazines com magazine

    The American Spectator magazine is a conservative magazine about politics and culture. Find articles on what's happening in Washington DC including news, opinion, and humor from R
    Source : http://www.magazines.com/product/american-spectator



  • american spectator amazon com magazines

    An influential journal of public opinion, features investigative reporting, comprehensive book reviews, and informed analysis of current political and cultural affairs.
    Source : http://www.amazon.com/American-Spectator/dp/B00006LK75



  • american thinker

    Presents "thoughtful exploration of issues of importance to Americans," including national security, the survival of the State of Israel, business, science, technology, medicine
    Source : http://www.americanthinker.com/



  • the american spectator

    Washington Prowler Perverse Democrats The Prowler | 7.19.10 @ 6:10AM Donald Berwick wastes no time. Plus: Meet the Democrats' richest sex offender.
    Source : http://spectator.org/



  • americanspectator org


    Source : http://americanspectator.org/





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