English version

secured

From Longman Business Dictionarysecuredse‧cured /sɪˈkjʊəd-ˈkjʊrd/ adjectiveFINANCE1a secured loan, debt etc is protected by an agreement that if it is not paid, the borrower must give the lender certain assets, such as property or sharesSecured credit cards are backed by a deposit that a consumer must make with the card issuer.The secured debentures will mature on Jan. 15,2006.2secured lender/creditor someone who lends money, with an agreement that if the debt is not paid, the borrower has to give the lender certain assets, such as property or sharesThe company’s secured lender foreclosed on the company’s assets last week.
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