A Secured Loan Requires That the Borrower Pledge Specific Assets

question 115

Multiple Choice

A secured loan requires that the borrower pledge specific assets to secure the loan. These assets are known as which of the following?

• A) negotiable assets
• B) intangible assets
• C) pledges
• D) collateral

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Definitions:

Data

Information collected for reference or analysis, often in the form of numbers, text, or images.

Model

A simplified representation of a system or process used for analysis or to make predictions.

Outliers

Data points that differ significantly from other observations, potentially suggesting variability in measurement, experimental error, or a novel phenomenon.

Labeled Points

Points in a dataset that are assigned a specific label or classification, often used in supervised learning contexts.