secured debt

secured debt
secured debt
debt backed by a mortgage, pledge of collateral or other lien. It is debt for which the creditor has the right to pursue specific pledged property upon default (Glossary of Common Bankruptcy Terms)

A claim secured by a lien in the debtor's property by reason of the debtor's agreement or an involuntary lien such as a judgment or tax lien. The creditor's claim may be divided into a secured claim, to the extent of the value of the collateral, and an unsecured claim equal to the remainder of the total debt. Generally a secured claim must be perfected under applicable state law to be treated as a secured claim in the bankruptcy. (Bankruptcy in Brief)

United Glossary of Bankruptcy Terms 2012.


Glossary of Bankruptcy.

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Look at other dictionaries:

  • Secured debt — Debt that, in the event of default, has first claim on specified assets. The New York Times Financial Glossary * * * secured debt secured debt ➔ debt * * * secured debt UK US noun [C or U] (also secured liabilities [plural]) ► FINANCE …   Financial and business terms

  • secured debt — debt that has first claim on specified assets in the event of default. Bloomberg Financial Dictionary * * * secured debt secured debt ➔ debt * * * secured debt UK US noun [C or U] (also secured liabilities [plural]) …   Financial and business terms

  • secured debt — n. A debt that is guaranteed by certain items that the creditor may take if the debtor fails to pay back the loan. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. secured debt …   Law dictionary

  • Secured Debt — Debt backed or secured by collateral to reduce the risk associated with lending. An example would be a mortgage, your house is considered collateral towards the debt. If you default on repayment, the bank seizes your house, sells it and uses the… …   Investment dictionary

  • secured debt — debt that has specific guarantees placed against it …   English contemporary dictionary

  • secured debt — See secured creditor; secured transaction …   Ballentine's law dictionary

  • secured debt —    A debt on which a creditor has a lien. In the event of a default, the creditor can bring an action allowing foreclosure or repossession to take the property identified by the lien (i.e., the collateral or security). Compare unsecured debt …   Business law dictionary

  • secured debt — /sɪ kjυəd det/ noun a debt which is guaranteed by assets which have been pledged …   Dictionary of banking and finance

  • Senior Secured Debt —    Secured debt that is paid first in the event of a default …   Financial and business terms

  • Secured Debt — (обеспеченный долг) долговое обязательство, которое полностью или частично обеспечено …   Ипотека. Словарь терминов

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