Secured credit

Secured credit

Credit granted on the basis of security or collateral pledged or deposited to assure repayment. The security may take the form of a pledge of securities, an assignment, a guarantee, a surety or real and personal collateral. Opposite: unsecured credit. See also collateral security.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Banking
Category: Investment banking
Company: UBS
Product:
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Related terms

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