Secured loan
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Secured loan is a loan backed by collateral, which is often in the form of inventories or receivables.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Secured loan. A loan backed by collateral, which is often in the form of inventories or receivables.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
