Is A Loan In Which The Borrower Pledges Some Asset As Collateral For The Loan?
Is A Loan In Which The Borrower Pledges Some Asset As Collateral For The Loan? 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. Which is being