Secured loan

RECENT NEWS
StreetInsider.com  Jul 7  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/North+American+Palladium+%28PAL%29+Reports+Reduced+Rate+on+Senior+Secured+Loan/9640453.html for the full story.
OilVoice  May 16  Comment 
The Board of Gasol announces that it has agreed to invest in up to pound500000 of secured Loan Notes to be issued by PowerPerfector Group Limited quotPPquot. An initial investment of pound
DailyFinance  Mar 21  Comment 
WINNIPEG, MANITOBA -- (Marketwired) -- 03/21/14 -- Miraculins Inc. (TSX VENTURE:MOM) ("Miraculins" or the "Company") a medical diagnostic company focused on acquiring, developing and commercializing diagnostic and risk assessment technologies for...
DailyFinance  Feb 11  Comment 
WINNIPEG, MANITOBA -- (Marketwired) -- 02/10/14 -- Miraculins Inc. (TSX VENTURE: MOM) ("Miraculins" or the "Company"), a medical diagnostic company focused on acquiring, developing and commercializing diagnostic and risk assessment technologies...
DailyFinance  Jan 10  Comment 
WINNIPEG, MANITOBA -- (Marketwired) -- 01/10/14 -- Miraculins Inc. (TSX VENTURE:MOM) ("Miraculins" or the "Company"), a medical diagnostic company focused on acquiring, developing and commercializing diagnostic and risk assessment technologies for...
DailyFinance  Dec 23  Comment 
WINNIPEG, MANITOBA -- (Marketwired) -- 12/23/13 -- Miraculins Inc. (TSX VENTURE: MOM), ("Miraculins" or the "Company") a medical diagnostic company focused on acquiring, developing and commercializing diagnostic and risk assessment technologies...
StreetInsider.com  Sep 24  Comment 
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  Comment 
Wealthy investors have been starting to shift from high-yield bonds to senior loans over the past year. Should you?
StreetInsider.com  Oct 16  Comment 
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  Comment 
Sick of poor yields from bonds? So-called senior loans can offer income investors protection against future rising interest rates




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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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