In collection or bankruptcy proceedings, a debt is secured if the debtor gave the creditor a right to repossess the property or goods used as collateral.
Debt that has first claim on specified assets in the event of default.
Debt that, in the event of default, has first claim on specified assets. 
A debt that entitles the lender to confiscate a specified piece of property (the collateral) if the debtor cannot repay the secured debt.
Money which is borrowed against the security of an asset, in most cases against your home. If agreed terms are not adhered to, the lender has the right to demand their money back from the sale of the asset.
In bankruptcy proceedings, a debt is secured if the debtor gave the creditor a right to repossess the property or goods used as collateral.
Debt that has first claim on specified assets in the event of default.
A debt that gives the creditor the right to take property pledged as security for the debt (collateral) if the debtor does not pay. For example, a creditor can repossess a car if the debtor defaults on the car loan. Compare: unsecured debt
Debt in which debtor gives creditor a right to repossess property or goods (called collateral) if debtor defaults on the loan.