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Meaning of secured loan | Babel Free

Noun CEFR B2

Definitions

A loan in which the borrower pledges some asset as collateral for the loan, which then becomes a secured debt owed to the creditor who issues the loan.

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

Securely securement Secureness Securer Secures Securest

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