Secured Note

What does it Mean? A bilateral lending agreement, the note represents a contractual obligation to lend and borrow money at a specified interest rate.
Investopedia Says... This is just a standard lending agreement. Secured notes can be modified to have additional restrictions added to them in order to increase the value and decrease the default risk.

Terms Related Links

Bullet Loan
Collateral
Loan
Soft Loan
Unsecured Loan

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