The Property Given to a Creditor as Security for a Debt

question 25

Multiple Choice

The property given to a creditor as security for a debt is known as:

• A) a mortgage.
• B) collateral.
• C) a pledge.
• D) a lien.
• E) ademption.

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Definitions:

Continuing Improvement

An ongoing effort to enhance products, services, or processes through incremental and breakthrough improvements.

Small-Batch Production

Manufactures a variety of products crafted to fit customer specifications.

Better Ways

Innovative or more effective methods and practices that improve processes or outcomes.

Operations Management

Is the process of managing productive systems that transform resources into finished products or services.