Secured loans are backed up with assets that the lender can claim in case of default

Indicate whether the statement is true or false.

Answer: TRUE
Explanation: Secured loans are loans backed up with assets that the lender can claim in case of default, such as a piece of property.

Business

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A contract that has yet to be performed is known as an:

a. implied contract b. executed contract c. express contract d. executory contract

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Jacquie plans to deposit $3,500 into her savings account for each of the next 5 years, and then $2,000 per year for 5 years after that (all at year end). She anticipates interest rates to be 6% for the next 3 years and then 9% thereafter

How much will she have in the account after the 10 years? A) $43,593.56 B) $30,427.02 C) $34,367.06 D) $35,164.86 E) $42,954.28

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