The property that is subject to a security interest is called collateral.

Name: The property that is subject to a security interest is called collateral.
Brand: Quizplus
Rating: 4.8 (50 reviews)

Question

Quizplus · Accepted Answer

This statement is true. Collateral is the property or assets that are offered as security to the lender in exchange for a loan. If the borrower fails to repay the loan, the lender can take possession of the collateral as a way to recover their losses.

The Property That Is Subject to a Security Interest Is