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3 January, 06:26

Which best describes secured credit

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  1. 3 January, 06:30
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    It is backed by a valuable asset

    Explanation:

    Secured credit refers to loan or credit that is backed by a secured payment used as collateral on the account. It involves an agreement for a lender to take a particular asset of value from the borrower if they are unable to pay back the credit.
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