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A secured transaction is a loan or a credit transaction in which the lender acquires a security interest in collateral owned by the borrower and is entitled to foreclose on or repossess the collateral in the event of the borrower's default.
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The main disadvantages of OOP are: Size: Object Oriented programs are much larger than other programs. In the early days of computing, space on hard drives, floppy drives and in memory were at a premium. Today we do not have these restrictions.
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