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Glossary of terms

Find out the meaning of those technical terms. Click the letter that the word begins with.

A B C D E F I L M N O P R S T U V W Y

A secured loan requires the borrower to put up an asset as security to the lender, this gives the lender the right to repossess the asset should the borrower default on the loan. This presents a lower business risk to the lender which in turn will tend to offer a lower interest rate to the borrower.