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Secured loan - Wikipedia, the free encyclopedia
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 ...
Loan - Wikipedia, the free encyclopedia
A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan. A mortgage loan is a very common type of debt instrument, used by ...
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secured loan Definition
secured loan - definition of secured loan - A loan which is backed by assets belonging to the borrower in order to decrease the risk assumed by the lender. The assets may be ...
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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.

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These recent articles mention Secured Loan
Town should fund the State Theatre project with a secured loan
Culpeper Star-Exponent
At one time, not that long ago, the State Theatre project was widely supported throughout the Culpeper community. And why not? It was seen as a tool to transform a dilapidated eyesore of a building into an attractive center for the arts and...
GTC secures $7 million loan
Worcester Telegram & Gazette
Under the terms of the agreement, GTC will pay 4 percent interest on the secured loan and repay the principle and interest at the maturity of the 36-month loan. The transaction is expected to close Wednesday. GTC develops genetically altere...
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MSN Money
and its subsidiaries were found by a Bankruptcy Court to have been insolvent both before and after engaging in a secured loan transaction. Several lending institutions made secured loans totaling approximately $500 million to the distressed...
How to Get a Mortgage with Bad Credit
Associated Content
A lot of people would like to purchase a home outright, but think that their bad credit history makes them ineligible for a mortgage. Fortunately, since a mortgage is a secured loan (meaning the bank can foreclose on your house if you stop ...