Savings - Secured Loan

What is it? A loan secured by funds on deposit in a savings account, normally maintained at the lending institution. Funds in the savings account equal to the amount of outstanding principal of the loan may not be withdrawn.

Added By: Sydney

Send To Friends!

If you'd like to send the Savings - Secured Loan definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Savings - Secured Loan. If you need any more information on this term, please don't hesitate to contact us.