In order to help his daughter Pamela secure a loan for her new business, Rich promised the bank that he would also be liable for the payment of Pamela's loan. Which of these is NOT a term that describes Rich's role in this transaction?

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Rich's role is not described as "security." In this context, "security" refers to an asset provided to guarantee the loan, not a person who promises to pay the loan if the primary borrower fails to do so. Rich acts as a surety, accommodation party, or co-signer, all terms that describe someone who guarantees the payment of another's debt.

In Order to Help His Daughter Pamela Secure a Loan