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Vikki [24]
3 years ago
8

A home mortgage is considered a secured loan because it is backed by __________.

Business
1 answer:
Ierofanga [76]3 years ago
8 0
<span>It is backed by collateral, and in this case since it is a home mortgage, the collateral is your home. That means that if you don't pay your loan monthly payments on time or don't pay them at all, then they can take your home away and you can end up on the streets. That's why it is secured, it is secured for the bank, not for you.</span>
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enot [183]

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"Perhaps we should explore which stakeholders would stand to win or lose from such a decision."

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An ethical decision is one that is aimed towards generating trust from other parties. It shows responsibility, fairness, and caring towards a person.

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schepotkina [342]

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Integrity

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CIA Triad

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3 0
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