Examlex
Amanda found code that she wants to use for a macro in one of her textbooks.She should do which of the following?
Collateral
An asset offered as security for a loan, which can be seized by the lender if the borrower defaults on the loan payments.
Security Agreement
A legal document that secures an interest in collateral for a lender in a secured transaction.
Describe
To give a detailed account or explanation of something.
Collateral
Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to meet repayment terms.
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