Property That Is Pledged to the Lender in the Event

question 39

Multiple Choice

Property that is pledged to the lender in the event that a borrower cannot make his or her debt payment is called

• A)collateral.
• B)points.
• C)interest.
• D)good faith money.

---

Definitions:

Iso-profit Line

A graphical representation in operations research and economics indicating all combinations of two products that generate the same level of profit.

Optimum

The most advantageous condition or degree of something, where the best possible outcome is achieved.