Collateral

question 67

Multiple Choice

Collateral

• A)gives the lender additional recourse if the payments are not made.
• B)is used on unsecured loans.
• C)increases the interest rate on loans.
• D)is required on all loans but not on revolving credit.

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Definitions:

Infringer

An individual or entity that violates or encroaches upon someone else's rights, especially intellectual property rights.

Service Marks

Symbols, names, or logos used by companies to identify and distinguish their services from those of others.

Trademarks

Symbols, words, or phrases legally registered or established by use as representing a company or product.

Trademark Infringement

The unauthorized use of a trademark or service mark (or a substantially similar mark) on competing or related goods and services, leading to confusion among consumers.