S
Loans
Secured Loan
A loan backed by collateral (an asset like a car or property). Because the lender can seize the asset if you default, secured loans generally offer lower interest rates than unsecured loans.
Usage Examples
"Vehicle finance is a secured loan — the car serves as collateral until you've paid it off."
"Secured loans are less risky for lenders, which is why they come with lower interest rates."