Credit, secured (covered loan)
In the language of the ECB, the temporary provision of liquidity against special collateral, primarily in the form of securities; sometimes also referred to as credit secured by securities. – In the case of a bank, the granting of a loan against appropriate collateral. – See collateral, collateral money, collateral, standard loan, collateralization.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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