Neehara recently opened a premium bakery.She did not have enough savings and hence she applied for a loan to obtain the additional funds required to start the bakery.She had to provide her house as collateral to obtain the loan.The type of financing obtained by Neehara can be regarded as a _____.
A) mortgage
B) trade credit
C) mutual fund
D) non-recourse loan
E) dividend
Correct Answer:
Verified
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