Which of the following terms best describes a loan where a larger line of credit or lower interest rate has been obtained by providing collateral to back that loan?

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An asset-backed line of credit is a type of loan where the borrower provides collateral (such as accounts receivable, inventory, or property) to back the loan, which allows them to obtain a larger line of credit or lower interest rate than they would with an unsecured loan. This type of loan is often used by businesses to finance working capital needs. Term loans are fixed loans that are paid back over a set period of time, private placements are a type of securities offering, and revolving lines of credit do not necessarily require collateral.

Which of the Following Terms Best Describes a Loan Where