SSL is an encrypted channel. An example of a protected channel (according to the books but not experience) would be a point to point link. It's protected from everyone except point a and point b.
Think of encrypted for what it is... Encrypted. Protected for what it is protected. You encrypted something with standard DES is it protected? No. You encrypt something with DES on point a and send it to point b is it protected? Yes to some degree.
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