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Igoryamba
3 years ago
12

What is the difference between a secured debt and an unsecured debt?

History
1 answer:
Elenna [48]3 years ago
5 0

Answer:

The difference between the two types of debt is relatively straightforward. A secured loan has collateral, and an unsecured one does not. Collateral is an item of value that a borrower offers to a lender as security on the loan

Explanation:

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