SECURED

secured, adj. 1. (Of a debt or obligation) supported or backed by security or collateral. [Cases: Secured Transactions 2. C.J.S. Secured Transactions §§ 7, 9–10, 22, 27.] 2. (Of a creditor) protected by a pledge, mortgage, or other encumbrance of property that helps ensure financial soundness and confidence. See SECURITY. [Cases: Mortgages 22. C.J.S. Mortgages […]