Which of the following terms describes financing that is affirmatively secured by assets?

The term that best describes financing that is affirmatively secured by assets is asset-backed financing. In this type of financing, the borrower offers specific assets as collateral to secure the loan, which reduces the lender's risk. If the borrower defaults, the lender has the right to seize the collateral. This type of financing is typically used in various types of loans, such as mortgages and car loans, where the asset being financed serves as security for the loan.

Other options refer to different concepts. Unsecured financing does not involve collateral, meaning the lender takes on more risk. Subordinated financing refers to debt that ranks below other debts in terms of claims on assets, generally carrying higher risk and interest rates. Conventional financing usually refers to standard loan types that do not involve special terms like those found in asset-backed loans.