Changes

'''Secured debt''' is [[debt]] backed by a [[mortgage]], pledge of [[collateral]], or other [[lien]]; [[debt]] for which the [[creditor]] has the right to pursue specific pledged property upon default. Examples include home [[mortgage]]s, auto [[loan]]s and tax [[lien]]s.

'''Secured debt''' is [[debt]] backed by a [[mortgage]], pledge of [[collateral]], or other [[lien]]; [[debt]] for which the [[creditor]] has the right to pursue specific pledged property upon default.

 

Examples include home [[mortgage]]s, auto [[loan]]s and tax [[lien]]s.

[[Category:Legal Terms]]

[[Category:Legal Terms]]

[[Category:Bankruptcy]]

[[Category:Bankruptcy]]

[[Category:Law]]

[[Category:Law]]