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One of the conditions for obtaining a standard loan agreement is having or producing collateral that acts as loan security to pay the loan in case the borrower fails to meet the agreement.
Agreement, as there is an agreement being made in agreement templates in PDF proper.
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Collateral terms: The free loan agreement template should explain any kind of collateral the to which the borrower and lender agree. LawDepot's Loan Agreement can be used for business loans, student loans, real estate purchase loans, personal loans between friends and family, down payments, and more. It secures an item of value as collateral for a monetary debt.
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