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04-05-2020
Mathematics

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Secured debts must have
A. a mortgage
B. certified lenders
C. collateral
D. low interest rates

Respuesta :

ihveaddictions ihveaddictions

04-05-2020

Answer:

C. Collateral

Step-by-step explanation:

Secured debts are secured by an asset, such as a house or car. The asset serves as collateral for the debt (hence why it's called a "secured" debt). Lenders place a lien on the asset, giving them the right to seize (e.g., repossess or foreclose) it if you become delinquent.

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