Answer:
An asset equivalent to the borrowed money which was provided by the customer as collateral is the typical secondary source of repayment.
Step-by-step explanation:
Line of Credit is a provision made by financial institutions like banks to enable customers borrow money till a limit is reached. Most times the credit worthiness of the customer is considered before such provisions can be made available. The line of credit could be secured or unsecured. It is secured when a collateral is presented in case of a default in payment. Whereas, the line of credit is unsecured when no collateral is presented.
A secondary source of repayment in a secured line of credit could be the financial institution recovering the debt from the customers savings or current account or even taking an asset that equates the value of the money borrowed.