Just the Facts - Credit

Just the Facts - Credit

Free

Publisher: CPA

Authors: CPA books

Publish Year: 2017

Pages: 1

ISBN10: 6

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Physical property (such as a home or a car) or a valued asset
(such as rights to music) is used as collateral for the borrowed money.
— If the money can’t be paid back, the lender can take the property or
asset instead, and sell it to recoup the outstanding cash.