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Secured loan: Difference between revisions
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{{ | {{a|security|}} | ||
A [[loan]] where the borrower grants the [[lender]] a security interest over its property to mitigate the credit risk. | A [[secured loan]] is a [[loan]] where the [[borrower]] grants the [[lender]] a [[security interest]] over its property to mitigate the [[credit risk]]. | ||
A home loan is a great example. The Lender gives you money; you grant the lender a [[mortgage]] over the title to your house. | A home loan is a great example. The Lender gives you money; you grant the lender a [[mortgage]] over the title to your house. | ||