Examlex
Regarding the exceptional memory of Steve described in the textbook, which of the following statements is FALSE?
Collateral
Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower defaults on the repayment terms.
Venture Capital Firms
Companies that invest in startups and early-stage companies with high growth potential in exchange for equity.
Loan
A sum of money borrowed that is expected to be paid back with interest.
Borrower
An individual or entity that receives funds from a lender under the agreement that the funds will be repaid, typically with interest, over a period of time.
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