describe category of bank loan

Accounting
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describe category of bank loan

Feb 16th, 2015

A loan that is issued and supported only by the borrower's creditworthiness, rather than by a type of collateral. An unsecured loan is one that is obtained without the use of property as collateral for the loan. Borrowers generally must have high credit ratings to be approved for an unsecured loan. 

Feb 16th, 2015

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Feb 16th, 2015
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