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In comparison to the oversimplified formula for the multiplier, the real-world multiplier is
Minor
A person who is under the legal age of majority, and therefore has limited legal rights and responsibilities.
Secured Credit
A loan or credit extended where the borrower pledges an asset as collateral to guarantee repayment.
Unsecured Credit
A type of credit that is not backed by collateral, meaning the lender relies on the borrower's creditworthiness rather than security in case of default.
Unsecured Credit
A type of credit not backed by collateral, where the lender relies on the borrower's creditworthiness rather than securing assets.
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