Question

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.​

Answer 1

Answer:

A guarantee to a lender for the asset.

Explanation:

Identify the statement described by collateral:

Answer 2

Answer:

option b is correct

Explanation:

sort of guarantee in the form