Question

What is collateral?

A.
the money used for a down payment on a loan
B.
the assets used to secure a loan
C.
the closing costs associated with obtaining a loan
D.
the lien filed by the lender

Answer 1

something pledged as security for repayment of a loan, to be forfeited in the event of a default.

Answer 2

\(\color{#0cbb34}{\text{Originally Posted by}}\) @xxDeppressionxx
something pledged as security for repayment of a loan, to be forfeited in the event of a default.
\(\color{#0cbb34}{\text{End of Quote}}\)
\(\color{#0cbb34}{\text{Originally Posted by}}\) @xxDeppressionxx
(google.com)
\(\color{#0cbb34}{\text{End of Quote}}\)
Google isn't a source...

Answer 3

\(\color{#0cbb34}{\text{Originally Posted by}}\) @supie
\(\color{#0cbb34}{\text{Originally Posted by}}\) @xxDeppressionxx
something pledged as security for repayment of a loan, to be forfeited in the event of a default.
\(\color{#0cbb34}{\text{End of Quote}}\)
\(\color{#0cbb34}{\text{Originally Posted by}}\) @xxDeppressionxx
(google.com)
\(\color{#0cbb34}{\text{End of Quote}}\)
Google isn't a source...
\(\color{#0cbb34}{\text{End of Quote}}\)
right

Answer 4

(dictionary.com)