Examlex
All of the following types of bonds are secured EXCEPT ______.
Finance Charge
A fee representing the cost of credit or the cost of borrowing money, including interest and other related charges.
Car Loan
A financial agreement in which a lender provides funds to a borrower for the purpose of purchasing a vehicle, to be repaid with interest over a set period.
FICO Score
A score that summarizes the probability that a debtor will pay a debt and is a reliable way that creditors judge credit worthiness.
Interest
A fee paid on borrowed assets, usually calculated as a percentage of the principal.
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