What is the meaning of secured loan?

secured loan is a loan for which the borrower pledges collateral that will be forfeited to the lender if the borrower fails to repay the loan.

Barry Goldsmith
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APABarry Goldsmith. (2010). secured loan. Retrieved September 24, 2026, from http://smartdefine.org/secured_loan/definitions/1163096
ChicagoBarry Goldsmith. 2010. "secured loan" http://smartdefine.org/secured_loan/definitions/1163096 (accessed September 24, 2026).
HarvardBarry Goldsmith 2010, secured loan, Smart Define, viewed 24 September, 2026, <http://smartdefine.org/secured_loan/definitions/1163096>.
MLABarry Goldsmith. "secured loan" 21 October 2010. Web. 24 September 2026. <http://smartdefine.org/secured_loan/definitions/1163096>