Real or personal property that a firm or individual owns and that is pledged as security for a loan is called
A) a security deposit.
B) a mortgage deposit.
C) an amortisation.
D) collateral.
E) stocks and bonds.

Question

Quizplus · Accepted Answer

The term for property pledged as security for a loan is collateral. A security deposit is a sum of money paid to cover any damages or losses incurred by the borrower, but it is not tied to ownership of property. A mortgage deposit is a down payment made when purchasing a home with a mortgage, and it is not the same as collateral. Amortisation is the gradual reduction of a debt through payments made over time, and stocks and bonds are securities that can be bought and sold but are not necessarily tied to ownership of specific property.

Real or Personal Property That a Firm or Individual Owns