Interest- money paid regularly at a particular rate for the use of money lent

Collateral- property or other asset that a borrower offers as a way for a lender to secure the loan

Mortgage- the charging of real property by a debtor to a creditor as security for a debt, on the condition that it shall be returned on payment of the debt within a certain period

Secured loan- a loan in which the borrower pledges some asset as collateral for the loan

Unsecured loan- a loan that is issued and supported only by the borrower's creditworthiness, rather than by any type of collateral


Created with images by lcb - "credit card card wallet" • Skitterphoto - "piggy bank money savings" • uberculture - "check" • paulbr75 - "new home for sale real estate" • PIRO4D - "audi a8 black" • - "Credit Card With Money Ver2"

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