Difference between revisions of "Security"
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(New page: '''Security''' in law or business meaning rights in property that protect a lender against loss if the borrower defaults, or fails to repay, a loan. A mortgage on a home is the mo...) |
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'''Security''' in law or business meaning rights in property that protect a lender against loss if the borrower defaults, or fails to repay, a [[loan]]. A [[mortgage]] on a home is the most common type of security for loans. | '''Security''' in law or business meaning rights in property that protect a lender against loss if the borrower defaults, or fails to repay, a [[loan]]. A [[mortgage]] on a home is the most common type of security for loans. | ||
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[[category:bankruptcy]] | [[category:bankruptcy]] | ||