SECURED Definition

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

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DEFERRED TAX ASSETS have an effect of decreasing future income tax payments, which indicates that they are prepaid income taxes and meet definition of assets. Whereas deferred tax liabilities have an effect of increasing future years income tax payments, which indicates that they are accrued income taxes and meet definition of liabilities.

BOLIVAR (BOLIVARES) is a currency in Venezuela.

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