/sɪˈkjʊrd/ – adjective
Definition: 1. được đảm bảo, được bảo vệ;
2. được cách ly, được đảm bảo chế độ, được đảm bảo an toàn;
3. chắc chắn. có thế chấp, có bảo chứng.
A more thorough explanation: In legal terms, “secured” refers to a situation where a creditor has a security interest in a specific piece of property owned by a debtor. This security interest serves as collateral for a debt or obligation owed by the debtor to the creditor. If the debtor fails to fulfill their obligations, the creditor may have the right to take possession of the secured property to satisfy the debt.
Example: The lender required the borrower to provide a secured promissory note backed by the borrower’s property as collateral.