Define: Secured Asset
Secured Asset means a particular asset, or collection of assets, that a borrower offers as collateral for a loan
Secured Asset means a particular asset, or collection of assets, that a borrower offers as collateral for a loan.
Relevant Circumstances
- When a borrowing entity wants to secure a loan
- When a lender is taking collateral to secure the repayment of a loan
- When parties are reassigning or transferring secured assets
Relevant Sectors
- Financial Services
- Real Estate
- Private Equity