Meaning of “secured debt” in the English Dictionary

business-english dictionary

"secured debt" in Business English

See all translations

secured debtnoun [ C or U ]

uk us also secured liabilities [ plural ]

FINANCE a debt or debts that include an agreement for the lender to take particular assets from the borrower if the money is not paid back:

Increasing secured debts could put your home at risk.

(Definition of “secured debt” from the Cambridge Business English Dictionary © Cambridge University Press)