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Can you describe what are loans, advances and unsecured loans?
What are loans and advances? what is an unsecured loan?
Jan 14 2013 01:48 PM
Unsecured loan is one that has no collateral security. Hence if the company defaults then lender looses all money. Such loans are more expensive than loans without collateral due to higher risk.
Jan 16 2013 11:06 PM
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