When Pete Peterson took out a small business loan,the bank asked for security in the form of _____.

Name: When Pete Peterson took out a small business loan,the bank asked for security in the form of _____.
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When banks issue loans, especially for businesses, they often require collateral. Collateral is an asset or property that a borrower offers to a lender as security for the loan. If the borrower fails to repay the loan, the lender has the right to seize the collateral to recover the loan amount.

When Pete Peterson Took Out a Small Business Loan,the Bank