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Secured Debt

   Also found in: Wikipedia 0.01 sec.
Secured debt
Debt that has first claim on specified assets in the event of default.

Secured Debt
A debt on which payment is guaranteed by an asset or lien. This means that a secured debt has collateral; if the debtordoes not repay the debt in due course, the creditor has the legal right to take possession of the collateral and resell it to recover losses. In case of bankruptcy, the creditor is considered a secured creditor, which means the creditor receives proceeds from the sale of the collateral to satisfy the debt. If the collateral is insufficient, all secured creditors must have their debts satisfied before any unsecured creditors receive any funds.


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Secured Debt Consolidation Loan When you take a out a secure debt consolidation loan, it means that you have to promise a security to cover the bill if you can''t pay it back.
here are essentially two basic categories of debt secured debt and unsecured debt When it comes to debt consolidation and debt negotiation, the kind of debts you have may determine what steps you can take to help pay down or get rid of your debts here are essentially two basic categories of debt: secured debt and unsecured debt.
Tobu's senior unsecured debt rating was upgraded due to the decreasing balance of the firm's outstanding secured debt, resulting in a drop in the ratio of secured debt to total assets, S&P said.
 
 
 
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