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If a borrower is required to provide collateral, then the loan is considered: A. unsecured B. secured C. prime D. subprime
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Asked 2/23/2012 11:01:52 AM
Updated 4/3/2015 8:52:10 AM
1 Answer/Comment
Flagged by alfred123 [4/3/2015 8:52:09 AM]
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User: If a borrower is required to provide collateral, then the loan is considered: A. unsecured B. secured C. prime D. subprime

Question
Asked 2/23/2012 11:01:52 AM
Updated 4/3/2015 8:52:10 AM
1 Answer/Comment
Flagged by alfred123 [4/3/2015 8:52:09 AM]
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If a borrower is required to provide collateral, then the loan is considered: SECURED.
Added 4/3/2015 8:52:10 AM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [4/22/2016 4:16:27 AM]
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The term demand loan refers to a loan A. that the lender can increase at any time. B. that the lender can apply for and then receive later. C. that has no maximum limit. D. for which the entire balance must be paid immediately at the lender's request.
Weegy: A. (More)
Question
Updated 3/1/2015 1:27:02 PM
1 Answer/Comment
The term demand loan refers to a loan: for which the entire balance must be paid immediately at the lender's request.
Added 3/1/2015 1:27:00 PM
This answer has been confirmed as correct and helpful.
Confirmed by selymi [3/17/2015 12:22:54 AM]
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