Guaranty without Pledged Collateral

 Guaranty without Pledged Collateral
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State:
Multi-State
Control #:
US-1340745BG
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Description

Pledged collateral refers to assets that are used to secure a loan. The borrower pledges assets or property to the lender to guarantee or secure the loan. This means that the borrower still retains the ownership of the property, but the lender has a claim against it.

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