Which of the Following Is Correct with Regard to Collateral

question 120

Multiple Choice

Which of the following is correct with regard to collateral?

• A) It refers to business (but not personal)assets that a borrower uses to secure a loan or other credit.
• B) It includes tangible assets like buildings as well as intangible assets like goodwill.
• C) Collateral can be seized by the lender if the loan is not repaid according to specified terms.
• D) It refers to personal (but not business)assets that a borrower uses to secure a loan or other credit.
• E) Banks are most impressed with debt investment.

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Definitions:

Transition

Transition refers to the process or period of changing from one state or condition to another, often used in the context of personal, professional, or societal changes.

School Setting

An educational environment or context where formal learning and teaching occur.

Dropping Out

the act of leaving school or another educational institution before completing the course of study.

Prevent

Prevent refers to taking measures to ensure something undesirable, such as an issue or condition, does not happen.