Economy, asked by patelsmit1st, 4 months ago

An asset that the borrower owns (such as land, building, vehicle, etc.) and uses this as a guarantee to a lender until the loan is repaid. If the borrower fails to repay the loan, the lender has the right to sell the asset to obtain payment (a) Terms of credit (b) Collateral (c) Credit (d) Demand Deposit

Answers

Answered by hoodasahil

2

Answer:

(a) Terms and credit is the answer

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