// definition
Senior secured loan
Asset-backed lending with a senior claim
Short definition
A loan backed by security interests in assets and ranking ahead of specified other claims. The agreement and applicable law determine its priority and enforcement rights. These protections do not ensure full repayment or automatically make a government responsible for losses.
risk atlas
Knowledge map
Related analyses
Primary sources
- SEC Investor.gov, creditor priority and collateralThe distinct roles of collateral rights and claim seniority.