Most single-payment loans are secured by:
A) collateral.
B) security claims.
C) rollover loans.
D) finance charges.
E) liens.

Question

Quizplus · Accepted Answer

Single-payment loans are typically short-term loans and are often secured by collateral, such as a car or property, to mitigate the lender's risk. In the event that the borrower is unable to repay the loan, the lender can seize the collateral as compensation.

Most Single-Payment Loans Are Secured By