Register
Secured it means a lender gives you money in exchange for what?
33.9k views
2 votes
Secured it means a lender gives you money in exchange for what?

User Jonathan Williams
by
8.5k points

1 Answer

5 votes
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
by
8.2k points
← Prev Question Next Question →

Related questions

User Adrian Olar
asked Feb 23, 2024 169k views
What must a PPSA secured lender do to enforce payment from a guarantor parent company?
Adrian Olar asked Feb 23, 2024
by Adrian Olar
7.8k points
1 answer
2 votes
169k views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

What goal of the constitution was also a goal of the Magna Carta?
is it true or false that after the american revolution conflicts in the northwest territory erupted between remaining british soldiers and native americans
Who made dutch claims in north america?
How did world war 1 affect the racial and ethnic makeup of american cities
What were the positive and negative effects of Egypt being imperialized by Britain.
Link Copied!