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321 bytes added , 14:33, November 14, 2007

New page: '''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 ...

'''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:bankruptcy]]

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Revision as of 14:33, November 14, 2007

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