Secured debt: Difference between revisions
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imported>Doug Williamson m (Spacing 20/8/13) |
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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. | 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. | All other things being equal, secured debt is safer for the lender than unsecured debt. | ||
== See also == | == See also == | ||
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* [[Security]] | * [[Security]] | ||
* [[Unsecured debt]] | * [[Unsecured debt]] | ||
Revision as of 11:50, 20 August 2013
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.
