Define: Secured Asset

How is Secured Asset defined in a legal contract?

• Secured Asset means the property which a security interest is established upon. Seen in 16 SEC filings
• Secured Asset means any object or part of it that is included in the secured assets. Seen in 4 SEC filings
• Secured Asset means any item that is the subject of a Security, specified in the loan agreement as property over which the trustee has or will have security. Seen in 3 SEC filings
• Secured Asset means an object or property which constitutes the security for a Secured Debt. Seen in 1 SEC filing
• Secured Asset means any right or asset belonging to the Borrower, which is, or in relation to Security Documents not yet in effect, will be, subjected to security under the security documents. Seen in 1 SEC filing
• Secured Asset means both primary security and the collateral security offered for the loan with all subsequent developments, additions, and improvements to it until the loan is settled, along with insurance policies taken to protect the Lender’s interests. Seen in 1 SEC filing

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of secured asset' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Secured Asset means a particular asset, or collection of assets, that a borrower offers as collateral for a loan.

Relevant Contract Types

• Secured Loan Agreement
• Mortgage Contract
• Debt Security Agreement
• Asset Purchase Agreement

Relevant Circumstances

• When a borrowing entity wants to secure a loan
• When a lender is taking collateral to secure the repayment of a loan
• When parties are reassigning or transferring secured assets

Relevant Sectors

• Financial Services
• Real Estate
• Private Equity

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Genie Definition 2

• Secured Asset means any asset on which a security interest has been granted.

Relevant Contract Types

• Security Agreement
• Pledge Agreement
• Guarantee Agreement
• Collateral Agreement

Relevant Circumstances

• When an asset is being used as collateral to secure a loan or obligation
• When assets are being sold or transferred under a secured transaction

Relevant Sectors

• Banking
• Private Equity
• Corporations

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