A Valuable Asset Pledged to a Lender as Security for a Loan

question 24

Multiple Choice

A valuable asset pledged to a lender as security for a loan is called:

• A) net worth.
• B) capital.
• C) wealth.
• D) collateral.

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Definitions:

Cost Factors

Elements that influence the total expenses incurred in the production, operation, or maintenance of a system, product, or service.

Operating A Truck

The process of controlling and managing a truck, including driving, loading, and maintenance.

Brakes

Mechanical or electronic devices that slow or stop the motion of a vehicle or machine, typically by applying friction or electromagnetic forces.

Duals

Pairs of components, like tires, that are used together on each side of a vehicle axle to increase stability, payload capacity, or traction.