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amm1812
3 years ago
13

Collateral means the creditor will hold the ___ to the car until the loan is paid in full.

History
1 answer:
zalisa [80]3 years ago
5 0
The best word for the blank is "title". Collateral means the creditor will hold the title to the car until the loan is paid in full. A collateral loan, also known as secured loan, is a loan granted by a financial institution where in exchange the creditor ma offer something if the loan is not paid.
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