{"iri":"http://lmss.sali.org/R8qB45AsGZrsWZ5LARtrahR","id":"R8qB45AsGZrsWZ5LARtrahR","label":"Secured Credit Arrangement","definition":"A Secured Credit Arrangement is a financial agreement where the borrower pledges assets as collateral to secure a loan. This collateral reduces the lender's risk, as they have a claim on the asset if the borrower defaults, potentially resulting in lower interest rates and more favorable loan terms for the borrower.","prefLabels":["Secured","Secured Loan"],"altLabels":["Collateral Backed Credit","Collateralized Credit Arrangement","Secured Financing Arrangement","Specialty Finance"],"examples":[],"notes":[],"sources":[],"branch":{"iri":"http://lmss.sali.org/RlNFgB3TQfMzV26V4V7u4E","label":"Objectives"},"parents":[{"iri":"http://lmss.sali.org/RfuC0yNDKhOWj8FHvjuYyg","id":"RfuC0yNDKhOWj8FHvjuYyg","label":"Credit Arrangement"}],"children":[],"relations":[],"url":"https://lmss.io/tag/R8qB45AsGZrsWZ5LARtrahR/","source":{"repo":"sali-legal/LMSS","ref":"3f9ac0c9357b2a971582ae79ede243511d47811d","channel":"pre-release"}}