{"iri":"https://folio.openlegalstandard.org/R8qB45AsGZrsWZ5LARtrahR","label":"Secured Credit Arrangement","sub_class_of":["https://folio.openlegalstandard.org/RfuC0yNDKhOWj8FHvjuYyg"],"parent_class_of":[],"is_defined_by":null,"see_also":["https://folio.openlegalstandard.org/R91z2YCaO3NPH7AupNVyfgd","https://folio.openlegalstandard.org/RCJWm2dFjUplXz5eRhdcD2k","https://folio.openlegalstandard.org/RDRM7rFMjRTVI3Dc4ZPYUxU","https://folio.openlegalstandard.org/RZBGdq2Y9YEuAvMqpgUbGy"],"comment":null,"deprecated":false,"preferred_label":"Secured Loan","alternative_labels":["Collateral Backed Credit","Collateralized Credit Arrangement","Secured Financing Arrangement","Specialty Finance"],"translations":{},"hidden_label":null,"definition":"A Secured Credit Arrangement is a financial agreement where the borrower pledges assets as collateral to secure a loan. This collateral reduces the lender's risk, as they have a claim on the asset if the borrower defaults, potentially resulting in lower interest rates and more favorable loan terms for the borrower.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}