Meaning of “secured debt” in the English Dictionary


"secured debt" in Business English

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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)