Phrases with «secured asset»

A "secured asset" refers to a possession or property that has been pledged as collateral to secure a loan or debt. This means that if the borrower is unable to repay the debt, the lender has the right to claim and sell the secured asset to recover the owed amount. The asset provides security or assurance to the lender. Full definition

asset (parent phrase)
secured (parent phrase)

secured asset

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to secure the asset
secure assets

Sentences with «secured asset»

Additionally, debts for secured assets such as a home or car are not discharged by filing Chapter 7. (betterbankruptcy.com)
Auto insurance is a means of securing your assets such as your health and your vehicle in a car crash. (autoquotenow.com)
It makes it easier to manage and secure the assets in an institution and also increases the integrity of the data for third parties that might want to verify. (businessinsider.com)
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Phrases with «secured asset»

Related phrases

Sentences with «secured asset»

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