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Collateral may be the asset (thing) that may be repossessed to fulfill the quantity owed if the debtor will not repay the mortgage.

Collateral may be the asset (thing) that may be repossessed to fulfill the quantity owed if the debtor will not repay the mortgage. Secured Debts Secured debts are debts intended to buy home, such as for instance mortgage, car finance, or cash lent buying A television, furniture or other home. The debtor pledges an item […]