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Secured it means a lender gives you money in exchange for what?

Secured it means a lender gives you money in exchange for what?
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Secured it means a lender gives you money in exchange for what?

User Jonathan Williams
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Collateral. You can borrow money against a house or car, but if you default and don't pay it back you will lose the house or car, or whatever you used as collateral.
User Mimoza
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