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.
<START_INST>What is a secured loan?<END_INST><START_CTX><END_CTX><START_A>A secured loan is a form of debt in which the borrower pledges some asset (i.e., a car, a house) as collateral.<END_A>