A Word That Has the Legal Meaning of a Borrower

question 10

Multiple Choice

A word that has the legal meaning of a borrower remaining in possession of property pledged as security for a loan is

• A) Possession
• B) Collateral
• C) Security
• D) Hypothecate

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Definitions:

Similar in Age

Having a close or identical age to others, often implying shared experiences or generational characteristics.

Distributed Leadership

A leadership approach in which multiple members of an organization share responsibility and power in decision-making processes.

Responsibility

The state or fact of being accountable or to blame for something, often involving an obligation to act.

Cohesiveness

The degree to which members are attracted to a group and motivated to remain a part of it.