Cuckoo: This bird lays its eggs in another birdâs nest ( which is where we get the word cuckold from), so itâs no surprise the bird is symbolic of infidelity and selfishness. Eagle: A bird of power, authority, victory, high status, and prowess. A divine messenger.
Securities-Based Lending. DEFINITION of 'Securities-Based Lending'. The practice of making loans using securities as collateral. Securities-based lending (SBL) provides ready access to capital that can be used for almost any purpose such as buying real estate, purchasing personal property like jewelry or a sports car, or investing in a business.
Secured and Unsecured Senior Debt. Secured senior debt is backed by an asset that was pledged as collateral. For example, lenders may place liens against equipment, vehicles or homes when issuing loans. If the loan is defaulted on, the asset may be sold to cover the debt. Unsecured debt is not backed by an asset pledged as collateral.