An Asset Used to Secure a Loan Is Called

question 153

Multiple Choice

An asset used to secure a loan is called.

• A) collateral.
• B) a retainer.
• C) a down payment.
• D) an investment.

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Definitions:

Insulates

To cover, line, or separate with a material that stops or slows down heat, electricity, or sound from passing through.

Neuron

A nerve cell that is the building block of the nervous system, responsible for receiving, processing, and transmitting information through electrical and chemical signals.

Attention-Deficit/Hyperactivity Disorder

A neurological disorder characterized by a pattern of inattention and/or hyperactivity-impulsivity that interferes with functioning or development.

Cognitive Abilities

The mental capacities that involve the ability to reason, plan, solve problems, think abstractly, and comprehend complex ideas.