Sia
Question
World History
Posted over 1 year ago
A credit source that is not guaranteed with collateral.
A) unsecured debt
B) grace period
Cminimum payment
D credit report
E) liability
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Answer from Sia
Posted over 1 year ago
A
Key Concept
Unsecured Debt
Explanation
Unsecured debt refers to loans or credit that do not require collateral. If the borrower defaults, the lender has no claim on any specific asset of the borrower.
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