BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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amortization
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loan
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deposit
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mortgage
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Detailed explanation-1: -Secured Loans. Secured loans are loans which require the borrower to pledge an asset or security to avail the loan. Home loans and car loans are the most common examples of secured loans where the borrower will be required to pledge the vehicle or house to be purchased as collateral, which then become secured debt.
Detailed explanation-2: -1. A is a loan, secured by a collateral, that the borrower is obliged to pay at specified terms. 1. Answer: mortgage 2.
Detailed explanation-3: -Key Takeaways. Secured loans are loans that are secured by a specific form of collateral, including physical assets such as property and vehicles or liquid assets such as cash. Both personal loans and business loans can be secured, though a secured business loan may also require a personal guarantee.