Secured Note

	Definition of 'Secured Note' A bilateral lending agreement, the note represents a contractual obligation to lend and borrow money at a specified interest rate.
	Investopedia explains 'Secured Note' 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.

Related Definitions

Bullet Loan

Any loan that requires a balloon payment at the end of the term and anticipates that the loan will be refinanced in order to meet the balloon payment obligation.
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Collateral

Properties or assets that are offered to secure a loan or other credit. Collateral becomes subject to seizure on default.
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Loan

The act of giving money, property or other material goods to a another party in exchange for future repayment of the principal amount along with interest or other finance charges. A loan ...
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- Soft Loan
  
  1. A loan with a below-market rate of interest. 2. Loans made by multinational development banks and the World Bank to developing countries. Typically, soft loans have extended grace ...
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- Unsecured Loan
  
  A loan that is issued and supported only by the borrower's creditworthiness, rather than by some sort of collateral.
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- Unsecured Note
  
  A loan that is not secured by the issuer's assets. Unsecured notes are similar to debentures but offer a higher rate of return with less security than a debenture.Such notes are also ...
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