Secured loan
id:
secured-loan-173-18444047
title:
Secured loan
text:
A secured loan is a loan in which the borrower pledges some asset as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan. The debt is thus secured against the collateral, and if the borrower defaults, the creditor takes possession of the asset used as collateral and may sell it to regain some or all of the amount originally loaned to the borrower. An example is the foreclosure of a home. From the creditor's perspective, that is a category of debt in
brand slug:
wiki
category slug:
encyclopedia
description:
Type of loan with collateral pledged
original url:
https://en.wikipedia.org/wiki/Secured_loan
date created:
2006-02-27T05:31:29Z
date modified:
2024-09-02T12:19:34Z
main entity:
{"identifier":"Q3088414","url":"https://www.wikidata.org/entity/Q3088414"}
image:
fields total:
13
integrity:
15