Which of the following can legally be used as security on a collateral loan?
A) Stocks
B) Bonds
C) Life insurance policies
D) Real estate mortgages
E) All of the above

Question

Quizplus · Accepted Answer

All of the above (stocks, bonds, life insurance policies, and real estate mortgages) can legally be used as security on a collateral loan. This means that if the borrower defaults on the loan, the lender can take possession of the collateral to recoup their losses. It is important to note that the value of the collateral must be equal to or greater than the amount of the loan to be eligible as collateral.

Which of the Following Can Legally Be Used as Security