A legally enforced part of a loan contract that requires the borrower to act in a certain way or to use the borrowed funds for a particular purpose is known as
A)collateral.
B)a net worth requirement.
C)a covenant.
D)a clause.

Name: A legally enforced part of a loan contract that requires the borrower to act in a certain way or to use the borrowed funds for a particular purpose is known as A)collateral. B)a net worth requirement. C)a covenant. D)a clause.
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Question

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The Answer is C

A Legally Enforced Part of a Loan Contract That Requires