The term 'secured by law' can be summarized as having something that is VESTED, or legally protected. VESTED refers to a right or interest that is protected by law and cannot be taken away without the consent of the person who holds it. This could refer to a variety of things, such as property rights, contracts, or other legal documents. In essence, something that is VESTED is secured by law and cannot be taken away without the permission of the person who holds it.