QuestionJuly 27, 2025

The following terms are associated with a secured loan EXCEPT for a. repossession. b. security interest. c. collateral. d. the rule of 78s.

The following terms are associated with a secured loan EXCEPT for a. repossession. b. security interest. c. collateral. d. the rule of 78s.
The following terms are associated with a secured loan EXCEPT for
a. repossession.
b. security interest.
c. collateral.
d. the rule of 78s.

Solution
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Answer

d. the rule of 78s. Explanation 1. Identify terms related to secured loans Repossession, security interest, and collateral are directly associated with secured loans as they involve assets securing the loan. 2. Identify unrelated term The rule of 78s is a method for calculating interest on a loan, not specifically tied to secured loans.

Explanation

1. Identify terms related to secured loans<br /> Repossession, security interest, and collateral are directly associated with secured loans as they involve assets securing the loan.<br /><br />2. Identify unrelated term<br /> The rule of 78s is a method for calculating interest on a loan, not specifically tied to secured loans.
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