Exam (elaborations)
REA380 - Exam 4|61 Questions with 100% Correct Answers | Verified | Latest Update
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What is a Secured Loan? - ️️Loan that has an asset pledged as collateral to ensure that the lender is likely to get payed if the borrower cannot pay. Define Hypothecation - ️️Pledging the property as collateral if the borrower can not pay back the lender. Basically its when the borrower ...
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