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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Secured Creditor

Definition:

Secured is better than unsecured because you have something to grab and sell (collateral) if the borrower defaults. But you have to ask how real that security is: If you have a security interest in a nuclear power generator, just how easy is that thing gonna be to sell?