Secured debt: Difference between revisions
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* [[Security]] | * [[Security]] | ||
* [[Unsecured debt]] | * [[Unsecured debt]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:The_business_context]] | |||
[[Category:Identify_and_assess_risks]] | |||
[[Category:Manage_risks]] | |||
[[Category:Risk_frameworks]] | |||
Revision as of 14:52, 27 July 2020
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.
