An interest in property of a debtor to which a creditor may look in the event of non- payment of the debt is called

Name: An interest in property of a debtor to which a creditor may look in the event of non- payment of the debt is called
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Collateral security refers to an asset or property that a creditor can claim if a debtor fails to make the required payments. This serves as a form of security for the creditor, ensuring they have a means to recover the debt owed to them.

An Interest in Property of a Debtor to Which a Creditor