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Secured Loan |
StreetInsider.com
Sep 24
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Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Ocwen+Financial+%28OCN%29+Repurchases+Preferred+from+W.L.+Ross%3B+Amends+Secured+Loan+Agreement/8714268.html for the full story.
The Globe and Mail
Sep 10
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Wealthy investors have been starting to shift from high-yield bonds to senior loans over the past year. Should you?
StreetInsider.com
Oct 16
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Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/InterOil+%28IOC%29+Signs+Deal+for+%24100+Million+Secured+Loan+Facility/7795356.html for the full story.
The Globe and Mail
Sep 27
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Sick of poor yields from bonds? So-called senior loans can offer income investors protection against future rising interest rates
StreetInsider.com
Jun 22
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Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Rosetta+Genomics+%28ROSG%29+Pays+Off+Secured+Loan%2C+Reclaims+Unencumbered+Rights+to+Assets/7535772.html for the full story.
StreetInsider.com
Feb 13
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Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/BG+Medicine+%28BGMD%29+Enters+%2415M+Secured+Loan+Facility/7163651.html for the full story.
StreetInsider.com
Oct 26
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Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/DryShips+%28DRYS%29+Enters+%24141M+Secured+Loan+Facility/6884094.html for the full story.
StreetInsider.com
Jan 6
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Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Pebblebrook+%28PEB%29+Closes+%2431M+Secured+Loan/6202444.html for the full story.
Benzinga
Oct 21
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Carl Icahn today announced that his affiliated entities are providing an opportunity to the holders of Metro-Goldwyn-Mayer Inc. senior secured loans.
The offer will give participating holders of Senior Loans the right to keep the upside on...
StreetInsider.com
Aug 11
Comment
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/InterOil+Corp.+%28IOC%29+Enters+%2425M+Secured+Loan+Facility/5885918.html for the full story.
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more ▼WIKI ANALYSIS
WIKI ANALYSIS| This article is part of WikiProject Definitions. Consider editing to improve it. View articles referencing this definition. |
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A Secured Loan is a loan in which the borrower must offer some form of collateral (e.g. real estate, personal property, investment securities) to be forfeited should he default on the loan. This provides the lender with a layer of security diminishing the risk involved in offering the loan.
It should be noted that the lender's measure of safety is tied directly to the volatility of the collateral's value.
Examples
- A woman takes out a mortgage to pay for her home. As collateral, she offers the home itself. Should she default on the paydayloans, the lender (typically a bank) would take possession of the home. The bank may then sell the property to recoup its losses.
- A man needs a cash loan to pay for several large, immediate expenses. As collateral, he offers the lender his car. Should he default on the loan the lender would take possession of the car, which he or she may sell to recoup losses.
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