Bank Islami Pakistan - BIPL - Stock Price and Chart
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BIPL Stock Price and Chart

Bank Islami Pakistan

Change: Rs. -0.19 (-0.01%)

2021-01-20
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14.00 13.81 13.70 14.05 749,000

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Secured Loan

Many lenders will require some form of security when loaning money. When this happens, it is called a secured loan. The asset being used as collateral for the loan is said to be “securing” the loan. In the event that your small business defaults on the loan, the lender can then claim the collateral and use its fair-market value to offset the unpaid balance.

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