Answer:
(1). Secured loans
Collateral is generally required for secured loans. Secured loan are those for which the borrower, along with a promise to repay, puts up some asset (collateral) as surety for the loan. A secured loan instrument simply means that in the event of default, the lender can use the asset to repay the funds it has advanced the borrower. The risk of default on a secured loans tends to be relatively low since the borrower has so much more to lose by neglecting his financial obligation. Secured loans financing is typically easier for most consumers to obtain. As this type of loan carries less risk for the lender, interest rates are usually lower for a secured loan.
(2). Higher interests rates.
People who get loans but are considered a risk to fully repay them, often get higher interest rate. Because the risk to the lender is increased relative to that of secured debt, interest rates on unsecured debt tend to be correspondingly higher. However, the rate of interest on various debt instruments is largely dependent on the reliability of the issuing entity. An unsecured loan to an individual may carry astronomical interest rates because of the high risk of default.
(3). Higher total payment.
An unsecured loan to an individual may carry astronomical interest rates because of the high risk of default. Lenders issue funds in an unsecured loan based solely on the borrower's creditworthiness and promise to repay. Unsecured loan has no collateral backing, It involves no security, Hence, If the borrower defaults on this type of debt, the lender must initiate a lawsuit to collect what is owed.
Answer:
68
Explanation:
David is on summer break. He has $15 to spend for the day. He can either spend $12 to go to the movies, or $8 to go to the pool. He really wants to see the new movie coming out, but after buying a ticket he would only have $3 left. That isn’t enough money left over to buy popcorn which is $7. If he goes to the pool he will have enough money to buy a hot dog, drink, and ice cream. After considering both options he decides to go to the pool and wait for the movie to come out on DVD. What is the cost of his decision? 68
<span>Pacific i think is the answer to your question
</span>
The true statement about the relationship between GDP and democratization is that GDP and democratization tend to rise and fall together.
<h3>What is the relationship
between GDP and democratization?</h3>
Gross domestic product serves as the monetary value that partains to goods and services made within a country .
However, GDP and democratization tend to rise and fall together.
base on the economy at that period.
Learn more about GDP on:
brainly.com/question/1383956
#SPJ1
Answer:
it reserves the rights to all races
Explanation:
im a history whiz :)
