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lifegear

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lifegear

Re: traderdon post# 79

Thursday, 05/07/2009 8:32:44 PM

Thursday, May 07, 2009 8:32:44 PM

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isn't this trust preferred a form of secured debt since it's guaranteed by Lehman?

secured debt
debt guaranteed by the pledge of assets or other collateral.

See also hypothecation , assign
Dictionary of Business Terms
secured debt
debt obligation, including bonds, that is guaranteed by the pledge of assets or other collateral.

http://209.85.173.132/search?q=cache:R6oe4HaqnvUJ:www.allbusiness.com/glossaries/secured-debt/4954564-1.html+secured+debt+guaranteed&cd=1&hl=en&ct=clnk&gl=us

Disclaimer: I'm not a paid promoter, broker nor an officer of a public company. My posts in certain stocks should not be construed as a recommendation to buy or sell such securities.

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