Secureddebt that is paid first in the event of a default.
指在出现违约时，可首先获得支付的有担保的债务。
2
Covenants are also used to ensure that High Yield issues do not issue excessive secureddebt.
契约还用于确保高收益债券发行方的发行量不超过抵押债务量。
3
This may be a huge gamble for many people but because it is a secureddebt, many consider it for important uses such as home repairs, college tuition, and medical bills.