Secured
/ˈsɪkjʊərd/
Definitions
- (adj.) Describes property or interests that are protected by a security interest to assure repayment of a debt or performance of an obligation.
The lender holds a secured interest in the borrower's collateral until the loan is repaid.
Related terms
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Commentary
Often used to describe loans or debts backed by collateral; precise definitions depend on jurisdiction and context of secured transactions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.