Secured debt is debt that:

Name: Secured debt is debt that:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Secured debt is backed by a specific collateral, such as a property or a vehicle. This collateral is held by the lender until the debt is fully repaid, reducing the risk of default for the lender. Therefore, choice D is the best option as it accurately describes secured debt. The other options, such as a fixed interest rate or a maturity period of more than one year, do not necessarily apply to secured debt.

Secured Debt Is Debt That