Explain secured loans & unsecured loans. Secured Loans are the loans which are secured wholly or partly against the assets of the company.
Following are the secured loans:
- Debentures - Loans and Advances from Banks - Loans and Advance from Subsidiaries - Other Loans and Advances
Unsecured Loans are the loans which are not secured against any security of the assets of the company.
Following are the Unsecured Loans:
- Fixed Deposits - Loans and Advances from Subsidiaries - Short Term Loans and Advances - Other Loans and Advances
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