Question

Arrange the following in the correct sequence:
i. Every loan interest specifies an interest rate.
ii. If the borrower fails to payback, the under has the right collateral.
iii. Lender may demand collateral.
iv. Interest rate that must be paid along with the repayment of the Principal.​

Answer 1

Answer:

i) Every loan interest specifies an interest rate.

iv) Interest rate that must be paid along with the repayment of the Principal.

iii) Lender may demand collateral.

ii) If the borrower fails to payback, the under has the right collateral.