Question

true or false question
if you default on a secured line of credit the lender can sell the collateral and recover the outstanding loan balance.
true
false
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Explanation:

A secured line of credit is backed by collateral (an asset the borrower pledges). When a borrower defaults (fails to repay), the lender has a legal right to seize and sell the collateral to recoup the unpaid loan amount. This is the core feature of secured credit that reduces lender risk.

Answer:

True