secured debt

secured debt definition - finance
Debt backed by collateral that can be tapped in the event that the debt holder doesnÂ’t make interest payments and defaults on the debt. An example of secured debt is a mortgage that is secured by the actual real estate. Loans to corporations might be backed by securities, such as stock.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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