Loans can be unsecured or secured with collateral. Collateral is a piece of property that can be sold by the lender to recover all or part of a loan if the borrower fails to repay. Because secured loans are viewed as having less risk, lenders charge a lower interest rate than they charge for unsecured loans.
Standard detail
3.
Benchmark
Depth 1Parent ID: 28CE83FF06994F9CAB9BEC1FBAC6C82BStandard set: Grades 9, 10, 11, 12
Original statement
Quick facts
- Statement code
- 3.
- List ID
- 3.
- Standard ID
- 96B78E923A444EB983D47557B76B498D
- ASN identifier
- S2604584
- Subject
- Financial Literacy
- Grades
- 09, 10, 11, 12
- Ancestor IDs
- 28CE83FF06994F9CAB9BEC1FBAC6C82B
- Source document
- National Standards for Financial Literacy (2013)
- License
- CC BY 3.0 US