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Copyright © 2009 FranchisEsource Brands International
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Secured Loan - Wikipedia, The Free Encyclopedia
A secured loan is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan. The debt is thus secured against the collateral — in the event that the borrower defaults, the ... Read Article
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