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What is secure and insecure?

Definition: Insecurity: uncertainty or anxiety about oneself; lack of confidence In short, insecurity means feeling anxious and fearful about yourself or something in your life. Definition: Security: the state of being free from danger or threat; freedom from danger, fear, anxiety, from lack.

Whats better a secured or unsecured loan?

A secured loan can have a lower interest rate, but youll need collateral, like a savings account, to back the loan. An unsecured personal loan doesnt require an asset, but youll likely pay a higher rate.

What do unsecured means?

Definition of unsecured : not protected or free from danger or risk of loss : not secured unsecured cargo unsecured funds an unsecured loan.

What does secured and unsecured loan mean?

A secured personal loan is backed by collateral, meaning something you own can be taken by the bank if you do not pay the loan under the agreed terms. An unsecured personal loan does not require any form of collateral for you to qualify.

What does unsecured mean in finance?

Unsecured loans are loans that dont require collateral. Theyre also referred to as signature loans because a signature is all thats needed if you meet the lenders borrowing requirements.

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