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Business, 30.11.2021 04:00 ani61

Wanda decided to purchase a condominium, but she did not have the funds to do so. She took out a loan from Community Bank to buy the condo. Community Bank provided the funding and, in exchange, received a security interest in the property, which allowed it to sell the condo if Wanda did not make her loan payments in a timely manner. This security interest is an example of a(n)

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Wanda decided to purchase a condominium, but she did not have the funds to do so. She took out a loa...
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