Banks can seize what do you mean by credit the collateral, sell it, and use the proceeds to pay off part or all of the loan. Because it is secured with collateral, this kind of credit tends to have a lower interest rate and more reasonable terms and conditions. The word “credit” has multiple meanings in personal and business finance. ...

Banks can seize what do you mean by credit the collateral, sell it, and use the proceeds to pay off part or all of the loan. Because it is secured with collateral, this kind of credit tends to have a lower interest rate and more reasonable terms and conditions. The word “credit” has multiple meanings in personal and business finance. ...

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