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Insured Loan |
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Insured Loan A loan on which payment is guaranteed by an insurance company, especially one with a high credit rating. An insured loan is protected against default because, if default does occur, the insurance company will pay the lender what is owed. Insured loans carry lower interest rates than uninsured loans because there is less risk involved. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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