what is a loan that requires no collateral called?\nunsecured loan\ndefault loan\nsecured loan\nprincipal loan

Answer

Brief Explanations:

An unsecured loan is not backed by collateral. Collateral is an asset that a lender can seize if the borrower defaults. In contrast, a secured loan requires collateral. A default loan is a loan in which the borrower has failed to make payments. A principal loan refers to the initial amount of money borrowed, not the type based on collateral.

Answer:

A. Unsecured loan