protected or guaranteed as in the case of a loan where the lender holds the title of some asset until the borrower has repaid the loan in full. Glossary of Business Terms
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1. a secured loan, debt etc is protected by an agreement that if it is not paid, the borrower must give the lender certain assets, such as property or shares:
• Secured credit cards are backed by a deposit that a consumer must make with the card issuer.
• The secured debentures will mature on Jan. 15, 2006.
2. secured lender/creditor someone who lends money, with an agreement that if the debt is not paid, the borrower has to give the lender certain assets, such as property or shares:
• The company's secured lender foreclosed on the company's assets last week.
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secured UK US /sɪˈkjʊəd/ adjective
► FINANCE secured loans, debts, etc. involve an agreement for the lender to take particular assets from the borrower if the money is not paid back: secured capital/financing/debt »
The company has agreed to pay about £2.7 million to outside creditors to resolve its secured and unsecured debts.
»secured bonds/credit cards/notes
Financial and business terms. 2012.