Secured Debt
Secured Debt
« Back to Glossary IndexA debt is secured if the debtor gave the creditor a right to repossess the property or goods used as collateral. Common types of secured debt are mortgages and car loans.
« Back to Glossary Index
A debt is secured if the debtor gave the creditor a right to repossess the property or goods used as collateral. Common types of secured debt are mortgages and car loans.
« Back to Glossary Index