Something of Value That by Agreement Becomes the Property of the Lender

question 199

Multiple Choice

Something of value that by agreement becomes the property of the lender if the borrower defaults is called:

• A) a stock.
• B) a bond.
• C) collateral.
• D) a liability.

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Definitions:

Access Database

An Access Database refers to a database management system from Microsoft that combines the relational Microsoft Jet Database Engine with a graphical user interface and software-development tools.

Make-Table Query

A type of query in a database management system that creates a new table and populates it with data selected from one or more existing tables.

New Table

The creation of a fresh table within a database to store data in a structured format.

Action Query

A type of database query that performs an action on the data, such as inserting, updating, or deleting records.