Collateralized debt is also known asA) unsecured debt.B) secured debt.C) unrestricted debt.D) promissory debt.
Question
Solution 1
Collateralized debt is also known as B) secured debt.
Here's why:
Collateralized debt refers to a type of loan that is backed by an asset or collateral. If the borrower defaults on their loan payments, the lender can seize the collateral to recoup their losses. Because the debt is secured by an 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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Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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