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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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  • youtube top secret america

    Washington Post reporters Dana Priest and William M. Arkin spent two years investigating the government's response to 9/11. Top Secret America explores what
    Source : http://www.youtube.com/watch?v=KDLVCyCm1ck




  • top secret america

    Washington reacts to 'Top Secret America' revelations. Updated 12:30 p.m. Acting Director of National Intelligence David C. Gompert issued a statement
    Source : http://voices.washingtonpost.com/top-secret-america/?hpid=news-col-blog-viewall




  • top secret america washingtonpost com

    Washington Post reporters Dana Priest and William M. Arkin spent two years investigating the government's response to 9/11. Top Secret America explores what they found.
    Source : http://projects.washingtonpost.com/top-secret-america/




  • washington post's 'top secret america' exposes flaws in

    William Arkin discusses Washington Post's investigative series 'Top Secret America.
    Source : http://abcnews.go.com/GMA/video/washington-posts-top-secret-america-exposes-flaws-terror-11195851




  • top secret recipes

    From Planet Hollywood Pot Stickers to the In-N-Out Double-Double, attempts to clone the tastes we love.
    Source : http://www.topsecretrecipes.com/




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  • a look at the washington post’s ‘top secret america’ at war

    Bloggers and the intelligence community have been quick to react The Washington Post's investigative series, "Top Secret America." Here are a few highlights.
    Source : http://atwar.blogs.nytimes.com/2010/07/19/a-look-at-the-washington-posts-top-secret-america/



  • 'top secret america' by the numbers the week

    The official site of The Week Magazine US edition. The best of the US and international media. Daily coverage of commentary and analysis of the day's events, as well as arts
    Source : http://theweek.com/article/index/205145/top-secret-america-by-the-numbers



  • top secret america the growth of topsecret government

    The top-secret world the government created in response to the terrorist attacks of Sept. 11, 2001, has become so large, so unwieldy and so secretive that no one knows how much
    Source : http://www.washingtonpost.com/wp-dyn/content/article/2010/07/18/AR2010071803175.html



  • balttech washington post's top secret america

    A very interesting and comprehensive look at our growing national security and intelligence apparatus by the Washington Post today. The story tries to wrap its arms around the huge
    Source : http://weblogs.baltimoresun.com/news/technology/2010/07/washington_posts_top_secret_am.html



  • is 'topsecret america' getting too big? politics

    WASHINGTON -- Since Sept. 11, top-secret intelligence gathering has grown so unwieldy and expensive that no one really knows what it costs and how many people are involved, The
    Source : http://www.wesh.com/politics/24305018/detail.html





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