secured bond

NOUN
12 LETTERS · STARTS WITH S

secured bond is a valid 12-letter word worth 17 points in Scrabble and 21 points in Words with Friends.

SCRABBLE WORDS WITH FRIENDS
S1E1C3U1R1E1D2B3O1N1D2
1 + 1 + 3 + 1 + 1 + 1 + 2 + 0 + 3 + 1 + 1 + 2 =17 PTS
DOUBLE WORD → 34TRIPLE WORD → 51
MEANING

What does secured bond mean?

NOUN · 1 SENSE
1

A bond that is back by collateral.