English version

secured credit

From Longman Business Dictionary
Related topics: Trade, Banking
secured creditseˌcured ˈcredit [uncountable]BANKINGCOMMERCE loans where the lender has the right to claim some of the borrower’s assets if they do not repay itWe offered to give our bondholders ownership of the company and convert our bank debt to a secured credit facility. credit
Pictures of the day
Do you know what each of these is called?
Click on the pictures to check.