secured

Parameter to determine whether a loan is secured or unsecured.

Unsecured Lending is “lending where the mortgage lender does not take a mortgage or other form of security in respect of the credit provided to the customer.”

Unsecured Debt is “debt that does not fall within the definition of secured debt.”

Secured Debt is “debt fully secured on: (a) assets whose value at least equals the amount of debt; or (b) a letter of credit or guarantee from an approved counterparty.”