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secured loan definition and meaning | AccountingCoachSecured Loans | Type, Example, Advantage, Disadvantage Vs. UnsecuredSecured Loans | Type, Example, Advantage, Disadvantage Vs. UnsecuredSecured Loans | Type, Example, Advantage, Disadvantage Vs. Unsecured22/02/2021 · What is a Secured Loan? A secured loan is a lending agreement in which the borrower pledges an asset as collateral, which the lender can seize if the borrower cannot pay back the underlying loan Advantages of a Secured Loan A secured loan protects the interests of the lender in situatisecured loan definition A loan from a bank or other lender in which the borrower has pledged an asset as collateral in case the loan cannot be repaid in ;· Secured loans are defined as loans where the lender extends loans only against deposition of some asset as security. Assets could be any asset ranging from plant, property, equipment, or any other business asset to any personal asset like car, home secured

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