Secured it means a lender gives you money in exchange for what?

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02-06-2018
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Secured it means a lender gives you money in exchange for what?

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Kid2004 Kid2004 · Answer 1 · 2018-06-02T08:21:16+02:00

Kid2004 Kid2004

02-06-2018

Collateral. You can borrow money against a house or car, but if you default and don't pay it back you will lose the house or car, or whatever you used as collateral.

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