What is a secured loan?
A secured loan is a form of debt in which the borrower pledges some asset (i.e., a car, a house) as collateral.
Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction: What is a secured loan?
### Input: 
### Response: A secured loan is a form of debt in which the borrower pledges some asset (i.e., a car, a house) as collateral.