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What does principal mean on a loan?

A loan principal is the amount of money that is borrowed. For example, when a bank approves and loans a person or business $100,000, that $100,000 is the loan principal.

Assets that Can Secure a Loan

What assets can be used for a secured loan? The assets that can secure a loan includes: home, property, stocks, bonds, vehicles, CD account, fine art, gold, etc.

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