SECURED Definition

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SECURED is an obligation backed by a pledge of collateral. Opposite of unsecured.

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MUTUAL FUND, according to the SEC, is a company that brings together money from many people and invests it in stocks, bonds or other assets. The combined holdings of stocks, bonds or other assets the fund owns are known as its portfolio. Each investor in the fund owns shares, which represent a part of these holdings.

VIABILITY, in economics, is the capability of developing and surviving as a relatively independent social, economic or political unit.

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