Secured debt

Debt backed by collateral in the form of real or monetary assets.

The debt provider takes a legal charge or mortgage debenture against the asset pledged as security.

All other things being equal, secured debt is safer for the lender than unsecured debt.

See also

• Collateral
• Debenture
• Mortgage
• Secured
• Securitisation
• Securitise
• Security
• Security agent
• Unsecured debt