Examlex
Owners who do not want to sell a business outright, but want to stay around for a while or surrender control gradually can use a restructuring strategy.
Secured Loan
A loan backed by collateral, reducing the risk for lenders and often resulting in more favorable loan terms for the borrower.
Unsecured Loan
A loan that is issued and supported only by the borrower's creditworthiness, without any collateral.
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