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The framers entrusted the selection of U.S.senators to
Secured Loan
A loan backed by collateral, providing the lender with a form of security that can be claimed if the borrower fails to repay the loan.
Commercial Paper
Commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for financing payroll, accounts payable, and inventories.
Prime Rate
The interest rate that commercial banks charge their most creditworthy customers, generally large corporations.
Unsecured Promissory Note
A type of debt instrument that doesn’t require collateral but is backed only by the borrower's promise to pay the lender back.
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