All About Self-Control. Self-control separates us from our ancient ancestors and the rest of the animal kingdom, thanks to our large prefrontal cortex. It is the ability to subdue our impulses in order to achieve longer-term goals.
A secured debt is money borrowed that is guaranteed (or secured) by the borrowerâs funds or assets and held by the lender in an interest-bearing account. More On Secured Debt Definition
When it comes to debt, there are two major types: secured debt and unsecured debt. Knowing the difference is important for borrowing money, for prioritizing your debts during payoff, and for making sure you keep your assets. Secured debts are tied to an asset that's considered collateral for the debt.