Collateral Is

question 5

Multiple Choice

Collateral is:

• A)any property of a debtor
• B)property pledged as security for a loan
• C)a loan given to a debtor
• D)a deposit given on the purchase of a motor vehicle
• E)property acquired by a debtor

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Definitions:

Public Property

Assets owned by the government, accessible and utilized by the general public.

Distribute

The process of spreading or dispersing something over a wide area or among a large number of people.

Modify

To change or alter something, often used in various contexts, including software development, where code or features are updated or improved.

Sell

The act of giving or handing over something in exchange for money.