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Collateral Is

Question 53

Multiple Choice

Collateral is


A) any asset that a lender has the right to seize if a borrower does not repay a secured loan.
B) when you use your forecasted sales to secure a loan.
C) the use of someone's signature in order to secure a loan.
D) when you use liquidated assets to pay off a loan.
E) any of these can be collateral.

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