Examlex
Match the following types of files to their description.
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Collateral
A borrower's asset that is given to a lender to secure the repayment of a loan.
Default
The failure to fulfill an obligation, especially failing to pay back a loan on time.
Surety
is a person or entity that takes responsibility for another's performance, such as fulfilling the terms of a contract or repaying a loan.
Default
Failure to fulfill a legal obligation or agreement, such as not making a payment on a loan by the due date.
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