Which of the Following Is Correct with Regard to Collateral

Which of the following is correct with regard to collateral?
It refers to business (but not personal) assets that a borrower uses to secure a loan or other credit.
It consists of tangible assets like buildings as well as intangible assets like goodwill.
Collateral can be seized by the lender if the loan is not repaid according to specified terms.
It refers to personal (but not business) assets that a borrower uses to secure a loan or other credit.
Banks are most impressed with debt investment.