Define: Secured Loan

UK Accounting Glossary

Definition: Secured Loan


Quick Summary of Secured Loan


Loan where the lender has taken a special claim on particular assets or revenues of the company.



Advertisement



Examples of Secured Loan in a sentence


If you miss your payments on a secured loan your home can be repossessed.
If you do not pay a secured loan, the creditor may take away whatever assets were used to secure the loan.



Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/secured-loan/
Modern Language Association (MLA):
Secured Loan. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. February 28, 2020 https://payrollheaven.com/define/secured-loan/.
Chicago Manual of Style (CMS):
Secured Loan. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/secured-loan/ (accessed: February 28, 2020).
American Psychological Association (APA):
Secured Loan. PayrollHeaven.com. Retrieved February 28, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/secured-loan/

Definition Sources


Definitions for Secured Loan are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd December 2018.