bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, expires: 365 'pa pdd chac-sb tc-bd bw hbr-20 hbss lpt-25' : 'hdn'">.

window.ga=window.ga||function(){(ga.q=ga.q||[]).push(arguments)};ga.l=+new Date; { bidder: 'openx', params: { unit: '539971080', delDomain: 'idm-d.openx.net' }},

bidderSequence: "fixed" 'min': 3.05,

googletag.cmd.push(function() { var pbMobileLrSlots = [ Secured debt is often associated with borrowers that have poor creditworthiness. {code: 'ad_rightslot', pubstack: { adUnitName: 'cdo_rightslot', adUnitPath: '/2863368/rightslot' }, mediaTypes: { banner: { sizes: [[300, 250]] } }, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162050', zoneId: '776358', position: 'atf' }}, googletag.pubads().disableInitialLoad(); expires: 365 If the assets are sold and there are not enough proceeds left to pay back unsecured lenders, they are left at a loss.

iasLog("exclusion label : resp");

This is so because their inherent structure creates collateral. storage: {

}); Investopedia uses cookies to provide you with a great user experience. dfpSlots['topslot_a'] = googletag.defineSlot('/2863368/topslot', [], 'ad_topslot_a').defineSizeMapping(mapping_topslot_a).setTargeting('sri', '0').setTargeting('vp', 'top').setTargeting('hp', 'center').setTargeting('ad_group', Adomik.randomAdGroup()).addService(googletag.pubads());

'max': 8, bids: [{ bidder: 'rubicon', params: { accountId: '17282', siteId: '162036', zoneId: '776156', position: 'atf' }}, iasLog("criterion : cdo_pt = entry");

Secured debt is debt that will always be backed by collateral, which the lender has a lien on. Collateral is an asset that a lender accepts as security for extending a loan. {code: 'ad_topslot_b', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[728, 90]] } }, {code: 'ad_topslot_b', pubstack: { adUnitName: 'cdo_topslot', adUnitPath: '/2863368/topslot' }, mediaTypes: { banner: { sizes: [[728, 90]] } },

ga('create', 'UA-31379-3',{cookieDomain:'dictionary.cambridge.org',siteSpeedSampleRate: 10}); 'increment': 1, googletag.pubads().setTargeting("cdo_tc", "resp"); { bidder: 'sovrn', params: { tagid: '387233' }}, The interest rate on secured debt is lower than on unsecured debt.

{ bidder: 'sovrn', params: { tagid: '346688' }}, ga('send', 'pageview'); Add secured debt to one of your lists below, or create a new one. If there are not enough proceeds to pay back the secured lenders, depending on the situation, secured lenders can go after other assets of the company or individual. var mapping_rightslot = googletag.sizeMapping().addSize([746, 0], [[300, 250]]).addSize([0, 0], []).build(); },{ if(refreshConfig.enabled == true)

priceGranularity: customGranularity,

{ bidder: 'ix', params: { siteId: '195464', size: [160, 600] }},

If the market value of the car is less than $10,000, say, $8,000, the bank will cover $8,000 of the outstanding debt but will still have $2,000 of the debt remaining. { bidder: 'ix', params: { siteId: '195451', size: [300, 50] }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_rightslot' }}]},

{ bidder: 'triplelift', params: { inventoryCode: 'Cambridge_Billboard' }}, 'max': 30, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}]; { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_topslot_728x90' }}, { bidder: 'sovrn', params: { tagid: '446382' }}, iasLog("criterion : cdo_l = en");

syncDelay: 3000 name: "identityLink", { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, { bidder: 'ix', params: { siteId: '195465', size: [300, 250] }}, var mapping_topslot_a = googletag.sizeMapping().addSize([746, 0], []).addSize([0, 550], [[300, 250]]).addSize([0, 0], [[300, 50], [320, 50], [320, 100]]).build(); iasLog("criterion : cdo_ptl = entry-mcp");

{ bidder: 'sovrn', params: { tagid: '346693' }}, googletag.pubads().setTargeting("cdo_pt", "entry"); A limited recourse debt is a debt in which the creditor has limited claims on the loan in the event of default. Secured debt is debt that is backed by collateral to reduce the risk associated with lending.

});

{ bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_leftslot_160x600' }}, { bidder: 'pubmatic', params: { publisherId: '158679', adSlot: 'cdo_btmslot' }}]}]; dfpSlots['rightslot'] = googletag.defineSlot('/2863368/rightslot', [[300, 250]], 'ad_rightslot').defineSizeMapping(mapping_rightslot).setTargeting('sri', '0').setTargeting('vp', 'mid').setTargeting('hp', 'right').setTargeting('ad_group', Adomik.randomAdGroup()).addService(googletag.pubads()); { bidder: 'appnexus', params: { placementId: '11654157' }}, "login": { { bidder: 'onemobile', params: { dcn: '8a969411017171829a5c82bb4deb000b', pos: 'cdo_btmslot_300x250' }}, { bidder: 'criteo', params: { networkId: 7100, publisherSubId: 'cdo_btmslot' }}, var pbMobileHrSlots = [ { bidder: 'triplelift', params: { inventoryCode: 'Cambridge_MidArticle' }}, Because the risk of lending to an individual or company with a low credit rating is high, securing the loan with collateral significantly reduces that risk. { bidder: 'ix', params: { siteId: '195451', size: [320, 50] }}, { bidder: 'appnexus', params: { placementId: '11653860' }}, { bidder: 'sovrn', params: { tagid: '446381' }}, Browse our dictionary apps today and ensure you are never again lost for words. 'max': 3, { bidder: 'appnexus', params: { placementId: '11654208' }}, 'increment': 0.05, storage: {