Answers Personal Finance - EL3403 How Credit WorksQuestion 122679

122679

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How Credit Works

Question 122679 • Personal Finance - EL3403

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Answer

She used in the form of the property to back the loan.:

collateral

Lindsay also paid money in advance. This is known as a(n) .:

down payment

If Lindsay does not make her loan payments on time, the bank will most likely .:

seize her home

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