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:

Mental Alertness

The state of being watchful and ready to respond quickly to any potential danger or challenges.

Anxiety

A mental health disorder characterized by feelings of worry, anxiety, or fear that are strong enough to interfere with one's daily activities.

Underestimate

To assess something as smaller or less important than it actually is; the act of valuing or judging something below its true value or potential.

Overestimate

To assess or regard something as more extensive, important, or capable than it actually is.