/sɪˈkjʊrd dɛt/ – Phrase
Definition: Nợ có tài sản đảm bảo
A more thorough explanation: where the creditor has the right to specific property if the debtor is unable to pay the debt. A common example is a mortgage agreement under which the mortgage company may sell the mortgagee’s house if the mortgagee is unable to keep up the mortgage payments.
Example: Northern Lytham Healthcare owes $34. 3 million in secured debt to Barker Rose.