__________ is something valuable that a lender would have a right to________________ if the loan is not repaid.
A) Collateral; sue for
B) A guarantee; seize and retain
C) A guarantee; sell
D) Collateral; seize and sell

Question

Quizplus · Accepted Answer

Collateral refers to an asset that a lender accepts as security for a loan. If the borrower fails to repay the loan, the lender has the right to seize and sell the collateral to recover the loan amount.

__________ Is Something Valuable That a Lender Would Have a Right