Secured debt

From ACT Wiki
Jump to navigationJump to search
The printable version is no longer supported and may have rendering errors. Please update your browser bookmarks and please use the default browser print function instead.

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.


See also