Secured Debt
Legal definition for Indian law research
Definition
secured debt
Debt backed by a mortgage, pledge of collateral, or other lien; debt for which the creditor has the right to pursue specific pledged property upon default. Examples include home mortgages, auto loans and tax liens.
Source: Administrative Office of the U.S. Courts
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.