jessemtchl jessemtchl

20-06-2024
Business

Answered

Multiple Choice Question:
A secured loan is

A. a debenture
B. backed by collateral
C. the same as a share of stock
D. the same as preferred stock

Answer :

GinnyAnswer GinnyAnswer

20-06-2024

Final answer:

A secured loan is a loan backed by collateral, reducing the lender's risk in case of default. Examples include mortgages and car loans.

Explanation:

A secured loan is a type of loan that requires the borrower to back it with collateral, such as a house or a car, to reduce the lender's risk. This collateral can be seized by the lender if the borrower defaults on the loan. Examples of secured loans include mortgages and car loans.

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