Secured Liability

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Definitions
Liability
Liability Financial Obligation Balance Sheet Accounting Current Liabilities Long-Term Liabilities Deferred Credit Secured Liability Contingent Liability
A liability is an obligation that a company needs to settle in the future, generally in the form of economic benefits such as money. Liabilities often result from past transactions and play a crucial role in a company's financial health by representing what it owes.
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Definitions
Secured Liability
Secured Liability Collateral Debt Borrower Lender Financial Security Default Protection Risk Management
A secured liability is a debt against which the borrower has pledged sufficient assets as collateral to protect the lender in case of default.
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