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What is the security for the repayment of a secured loan called?

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Collateral that's what its called..............
User Crosser
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Answer:

The answer is collateral.

Explanation:

Collateral is the security for the repayment of a secured loan.

Secured loan is a loan where a collateral is kept against the loan. Like for a car loan, the car is kept as a collateral.

This is done because when you default on payment of the loan, the bank can seize your collateral and sell that off to recover its dues.

User Thomas Matthew
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