Something of Value Given or Pledged as Security for Payment

question 63

Multiple Choice

Something of value given or pledged as security for payment of a loan is called _____.

• A) chargeback
• B) capital equity
• C) collateral
• D) personal equity

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Definitions:

Battle of the Marne

A significant First World War battle near the Marne River in France in 1914, which resulted in a victory for the Allies, halting the German advance towards Paris.

Triple Entente

An alliance formed in the early 20th century between France, Russia, and Great Britain, which played a significant role in the build-up to World War I.

Triple Alliance

An agreement made in 1882 between Germany, Austria-Hungary, and Italy, forming a powerful bloc that stood until the beginning of World War I.

Armed Camps

Highly militarized zones or areas prepared for military conflict, often characterized by a significant presence of soldiers, weapons, and military infrastructure.