Secured debt: Difference between revisions
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Debt backed by collateral in the form of real or financial assets. | Debt backed by collateral in the form of real or financial assets. | ||
The debt provider takes a legal charge or mortgage debenture against the asset pledged as security. | The debt provider takes a legal charge or mortgage debenture against the asset pledged as security. | ||
Latest revision as of 14:44, 8 March 2023
Debt backed by collateral in the form of real or financial 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.
