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For some customers,a higher price equals:
Unsecured Debt
A type of debt or general obligation that does not have collateral backing and is issued solely based on the creditworthiness and reputation of the issuer.
Credit Standing
An assessment of a person or entity's ability to repay debts, often influenced by past borrowing and repayment history.
Collateral
An asset pledged as security for repayment of a loan, forfeitable in the event of a default.
Unsecured Loans
Loans that are provided without requiring collateral from the borrower.
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