Which Term Is Used to Identify a Bank's Requirement for the Borrower

question 4

Short Answer

Which term is used to identify a bank's requirement for the borrower to give the bank the right to seize certain assets if payments are not made as promised?
Pledging accounts payable
Open-book credit
Pledging accounts receivable
Collateral
Trade acceptance

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Definitions:

Impact Craters

Circular depressions on the surface of planets or moons formed by the collision with a meteorite or other celestial body.

Nitrogen And Oxygen

The two most abundant gases in Earth's atmosphere, with nitrogen comprising about 78% and oxygen about 21% by volume.

Geologically Interesting Moons

Moons that have significant geological activity or features, such as volcanic eruptions, tectonics, or ice geysers, making them subjects of scientific study.

Outer Parts

Refers to the external or exterior regions or sections of an object or area.