What Is Collateral?
Collateral is an asset a borrower pledges to a lender to secure a loan.
What Is APR?
APR shows the yearly cost of borrowing, including interest and some fees.
Secured vs Unsecured Loans
A secured loan is backed by collateral. An unsecured loan is not.
What Is Diversification?
Diversification means spreading your money across different investments to reduce risk.
How Compound Interest Works
Compound interest means you earn interest on your interest, so growth can speed up over time.
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