Secured Loan

Secured Credit Arrangement - 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.

Class Information

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Identification

Label (rdfs)
Secured Credit Arrangement
Preferred Label
Secured Loan
Alternative Labels
Collateral Backed Credit, Collateralized Credit Arrangement, Secured Financing Arrangement, Specialty Finance
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Definition and Examples

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.
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Deprecated
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