Secured creditor and Secured debt: Difference between pages
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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. | |||
All other things being equal, secured debt is safer for the lender than unsecured debt. | |||
== See also == | == See also == | ||
* [[ | * [[Collateral]] | ||
* [[Debenture]] | |||
* [[Security]] | * [[Security]] | ||
* [[Unsecured debt]] | |||
Revision as of 14:20, 23 October 2012
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
