Question

What is a secure line of credit?
a.
A line of credit offered only to individuals with excellent credit ratings.
b.
A line of credit offered to a business or corporation.
c.
A line of credit backed by the government.
d.
A line of credit backed by collateral.

Answer 1

d. A secured (secure) line of credit is backed by collateral (e.g., real estate, savings, or other assets).