Which of the following loans provide the least amount of security to the lender?
A) chattel mortgage
B) factoring
C) floating lien
D) terminal warehouse agreement

Question

Quizplus · Accepted Answer

A floating lien provides the least security because it is a general claim on the borrower's inventory or assets, which can fluctuate and may not be easily identifiable or accessible in case of default.

Which of the Following Loans Provide the Least Amount of Security