From Longman Business Dictionarysecured liabilitiesseˌcured liaˈbilities [plural]ACCOUNTINGFINANCE debts to lenders, for example in the form of bonds, that are SECURED on particular assets of the company. These assets can be sold if necessary to pay the debtsThe thrift’s liabilities included about $2.5 billion in deposits in 184,000 accounts and $803 million in secured liabilities. → liability
