Anything can be used as collateral, as long as it is legal.
Correct Answer:
Verified
Q10: A daylight overdraft is usually an unauthorized
Q11: A Material Adverse Change clause refers to
Q12: The prime rate is the interest rate
Q13: Collateral reduces the risk of a loan
Q14: The characteristics of good collateral include standardization,
Q16: Factoring refers to the use of inventory
Q17: Bankers' Acceptance is a form of trade
Q18: A Chattel mortgage give a lender a
Q19: Banks are permitted to lend up to
Q20: A bank's board of directors is responsible
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents