Question

What do you men by secure transaction

Answer 1

Answer:

Generally, a secured transaction is a loan or a credit transaction in which the lender acquires a security interest in collateral owned by the borrower and is entitled to foreclose on or repossess the collateral in the event of the borrower's default.

Answer 2

Explanation:

A Secure Transaction is a loan or credit transaction in which the lender acquires a security interest in collateral owned by the borrower and is entiled to foreclose on or repossess the collateral in the event of the borrower's default.