3 years ago

Secured debts must have

Mathematics

1 answer:

Reptile [31]3 years ago

6 0

Answer:

C. Collateral

Step-by-step explanation:

Secured debts are secured by an asset, such as a house or car. The asset serves as collateral for the debt (hence why it's called a "secured" debt). Lenders place a lien on the asset, giving them the right to seize (e.g., repossess or foreclose) it if you become delinquent.

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