Examlex
Which of the following statements is true?
Pledging
The act of using an asset as collateral to secure a loan, without transferring ownership of the asset.
Administrative Reason
A justification based on policy, procedure, or bureaucracy within an organization.
Unexpected Opportunities
Situations or prospects that were not previously planned for or considered that could benefit the company or individual.
Secured Loan Agreement
A loan agreement in which the borrower pledges an asset as collateral for the loan, which the lender can seize if the loan is not repaid.
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