Identify the statement described by collateral:
(a) An asset possessed by a lender
(b) Sort of guarantee in the form of an asset.
(c) A guarantee to a lender for the asset.
(d) Selling of asset to the borrower.
Answers
Answered by
4
Answer:
A guarantee to a lender for the asset.
Explanation:
Identify the statement described by collateral:
Answered by
5
Answer:
option b is correct
Explanation:
sort of guarantee in the form
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