Collateral Is

question 29

Multiple Choice

Collateral is

• A) any asset that a lender has the right to seize if a borrower does not repay a secured loan.
• B) when you use your forecasted sales to secure a loan.
• C) the use of someone's signature in order to secure a loan.
• D) when you use liquidated assets to pay off a loan.
• E) any of these can be collateral.

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Definitions:

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