A secured loan is guaranteed by ____________.A.a fixed rateB.interestC.collateralD.an effective rate
Question
Solution 1
The correct answer is C. collateral.
A secured loan is a type of loan that is backed by collateral, which is an asset or property that the borrower provides to the lender to secure the loan. This means that if the borrower fails to repay the loan, the lender has the right to seize the collateral to Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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Similar Questions
An unsecured loan (1)/ is a loan (2)/ which one could obtain (3)/ without providing any collateral (4)/ No error (5)
Note that securedloans experienced the highest recovery rates among the corporate bonds listed(59.5 percent)
Which of the following is considered a secured loan?Personal loanStudent loanMortgage loanCredit card
Fill in the Blank QuestionFill in the blank question.A loan backed by collateral, something valuable like property, is called a loan.
Collateralized debt is also known asA) unsecured debt.B) secured debt.C) unrestricted debt.D) promissory debt.
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