Difference between revisions of "Secured debt"
From Conservapedia
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'''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. | ||
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[[Category:Legal Terms]] | [[Category:Legal Terms]] | ||
[[category:bankruptcy]] | [[category:bankruptcy]] | ||
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Revision as of 16:09, March 14, 2016
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 mortgages, auto loans and tax liens.
