secured credit

secured credit secured credit credit1

* * *

secured credit UK US noun [U] (also secured loan [C])
FINANCE loans involving an agreement for the lender to take particular assets from the borrower if they cannot pay the money back: »

The company managed to keep in business by obtaining $250,000 in secured credit from its parent company.


Financial and business terms. 2012.

Look at other dictionaries:

  • secured credit — See secured transaction …   Black's law dictionary

  • Credit One Bank — Type Private Industry Financial Services Founded San Rafael, California (1984) Headquarters 585 Pilot Road, Las Vegas, Nevada, U.S.[1] …   Wikipedia

  • secured loan — ➔ loan1 * * * secured loan UK US noun [C] ► FINANCE SECURED CREDIT(Cf. ↑secured credit) …   Financial and business terms

  • Credit card — Personal finance Credit and debt Pawnbroker Student loan Employment contract Salary Wage Empl …   Wikipedia

  • credit — an entry made on the right hand side of an account and indicating a gain to a liability, owner s equity or revenue account. Glossary of Business Terms money loaned. Bloomberg Financial Dictionary * * * ▪ I. credit cred‧it 1 [ˈkredt] noun 1.… …   Financial and business terms

  • Credit — Money loaned. The New York Times Financial Glossary * * * ▪ I. credit cred‧it 1 [ˈkredt] noun 1. [uncountable] COMMERCE an arrangement with a shop, supplier etc to buy something now and pay for it later: • They are saving for new furniture… …   Financial and business terms

  • secured — protected or guaranteed as in the case of a loan where the lender holds the title of some asset until the borrower has repaid the loan in full. Glossary of Business Terms * * * secured se‧cured [sɪˈkjʊəd ǁ ˈkjʊrd] adjective FINANCE 1. a secured… …   Financial and business terms

  • credit bid — USA credit bid, Also known as credit bidding. The right of a secured creditor under the Bankruptcy Code to use its secured claim against a debtor as currency in an auction of its collateral in a debtor s Section 363 sale (§ 363(k) …   Law dictionary

  • credit bidding — USA credit bid, Also known as credit bidding. The right of a secured creditor under the Bankruptcy Code to use its secured claim against a debtor as currency in an auction of its collateral in a debtor s Section 363 sale (§ 36 …   Law dictionary

  • Credit union history — Credit unions are community based banks organized according to cooperative principles. In the early stages of development of a nation s financial system, unserved and underserved populations must rely on risky and expensive informal financial… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.