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February 06, 2006
Secured
A secured loan is exactly what the title suggests. It is secured by something that is, normally, of equal or higher value. This security is called collateral. The borrower's collateral is the object, money or property that financers can appropriate to pay themselves back in the event of a default on the
From Secured
Posted by Mel at February 6, 2006 01:01 PM
