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Foreclosure Sale
The process of selling an asset, typically real estate, to fulfill an obligation or debt that the owner has failed to pay.
Unsecured Party
A lender or creditor who provides credit without obtaining specific collateral as security for the loan.
Credit Card
A plastic card issued by a financial institution that allows the holder to borrow funds to pay for goods and services.
Repayment
The act of paying back money that was borrowed from a lender.
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