A Valuable Asset Pledged to a Lender as Security for a Loan

question 24

Multiple Choice

A valuable asset pledged to a lender as security for a loan is called:

• A) net worth.
• B) capital.
• C) wealth.
• D) collateral.

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Definitions:

Pay Equity

The principle of ensuring that employees are compensated equally for work of equal or comparable value, aimed at preventing discrimination based on gender, ethnicity, or other irrelevant factors.

Minimum Age

The lowest legal age at which an individual is permitted to engage in a specific activity or employment.

Lag Strategies

Compensation approaches where organizations pay below market rates due to financial constraints but aim to offer other benefits to attract and retain employees.

Labour-Intensive Firms

Companies that require a higher portion of labor input in their operations as compared to capital input, often leading to higher employment levels.