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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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  • refute definition and more from the free merriamwebster

    Definition of refute from the Merriam-Webster Online Dictionary with audio pronunciations, thesaurus, Word of the Day, and word games.
    Source : http://www.merriam-webster.com/dictionary/refute




  • htc samsung refute apple's claims digits wsj

    Asian handset makers HTC and Samsung Electronics on Monday cast the latest rebukes to the assertion by Apple that the iPhone 4's reception problems are shared by
    Source : http://blogs.wsj.com/digits/2010/07/19/htc-samsung-refute-apples-claims/




  • quot;refudiatequot; a coinage from mrs shakespeare or mrs malaprop?

    "Refudiate": a coinage from Mrs Shakespeare or Mrs Malaprop? Is this a useful new word? If so, what exactly does it mean? How does it compare to "refute" and "repudiate"
    Source : http://www.mahalo.com/answers/refudiate-a-coinage-from-mrs-shakespeare-or-mrs-malaprop




  • refute definition of refute by the free online dictionary

    Pronunciation of refute. Translations of refute. refute synonyms, refute antonyms. Information about refute in the free online English dictionary and encyclopedia.
    Source : http://www.thefreedictionary.com/refute




  • refute wiktionary

    to refute (third-person singular simple present refutes, present participle The second meaning of refute (to deny the truth of) is proscribed as
    Source : http://en.wiktionary.org/wiki/refute




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