secured transaction

Definition of "secured transaction"
  1. A deal where property is guaranteed as security for a loan or sale
How to use "secured transaction" in a sentence
  1. The bank approved the loan, considering it a secured transaction due to the property collateral.
  2. Buying the car was a secured transaction with the buyer pledging his house as collateral.
  3. The secured transaction eased the lender's risk as the borrower's land was used as collateral.
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