The items you bring in are used as collateral against a loan provided to you. (stockmonkeys.com)
As the term suggests, a secured personal loan is made in lieu of some collateral that is used as security against the loan amount. (loans.net)
It also protects lenders against loan default on mortgages for properties that include manufactured homes, single - family and multifamily properties, and some health - related facilities. (fha.com)