Business Studies, asked by linju2040, 1 year ago

What is secured loan and unsecured loan with examples?

Answers

Answered by Manujee

hey you can search the answer on Google

Answered by Anonymous

Secured load is money lent with collateral to back the loan up. Unsecured, money lent with nothing to guarantee repayment. i.e. if a secured loan is forfeited, so to is the item(s) used to secure the loan.

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