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Security agreement

• The agreement between the borrower and the lender that specifies the collateral held against a secured loan.

 
 

Follow this link for all the terms related to agreementsecurity.

 
 Embedded terms in definition
 Collateral
Held
Secured loan
Secured
 
 Related Terms
 

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Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

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