Examlex
Which of the following ideas was advanced at the University of Chicago?
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.
Goods
Items or merchandise that are manufactured or produced for sale.
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