1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kirill115 [55]
3 years ago
14

Homer wants to borrow money from the Springfield Bank to buy a new trampoline. The bank requires collateral for a loan. What is

collateral?
Social Studies
2 answers:
Alinara [238K]3 years ago
8 0
Normally, unless it is a sort of pawnshop or personal type of loan, you the borrower hold the collateral. For example, if you get a loan on a vehicle, you have possession of the vehicle as long as you are making payments as agreed. If you stop making the payments, the one to whom you owe the money (the lien holder) can take possession of the vehicle, sell it, and you would be responsible to pay the difference between what it is sold for and the amount you still owe, if there is a difference
Lelechka [254]3 years ago
8 0
<span>Collateral is a property or other asset that a borrower offers as a way for a lender to secure the loan. If the borrower stops making the promised loan payments, the lender can seize the collateral to recoup its losses. A lender's claim to a borrower's collateral is called a lien.</span>
You might be interested in
Have you been diagnosed with chlamydia or gonorrhea in the last 2 years (24 months)?
klemol [59]
No. Not sure why you're asking this but if you elaborate I will be happy to help. 
3 0
3 years ago
Since IQ tests produce consistent results when people take a retest, IQ tests showa. reliabilityb. accuracyc. validityd. all of
Andreas93 [3]

Answer:

a. reliability

Explanation:

When a test administered to the same subject gives the same result after repeatedly taking the test irrespective of the time interval between them, then the test is said to be reliable.

The Intelligent Quotient test gives a score according to the person's performance. The test also takes into account the mental age of the person.

Here, the IQ test gives the same result when the same person takes the test. Hence, the test has high reliability.

7 0
3 years ago
Which of the following is an example of how the emergence of railroads and canals affected the economy?
8090 [49]

Answer:

Transporting goods became WAY less expensive than it was before hand and a bit safer as well. Quicker times and more.

Explanation:

Fundamentals of railroads :D

6 0
3 years ago
Read 2 more answers
Tara has very strong opinions about a proposed tuition increase. However, when Tara becomes the student representative for the c
Evgen [1.6K]

Answer: C) cognitive dissonance theory

Explanation:

3 0
3 years ago
A major failing of the United States Government under the Articles of Confederation was its
wlad13 [49]
Inability to regulate commerce among the states
3 0
3 years ago
Read 2 more answers
Other questions:
  • What were three achievements of the Aztecs in art?
    8·2 answers
  • Need help with gizmo sled wars
    15·1 answer
  • "Communicating honestly about current conditions in a relationship allows for ongoing opportunities to improve the relational cl
    12·1 answer
  • A fraternity brother stole a valuable piece of jewelry during a sorority rush party. His brothers do not want to get in trouble,
    9·1 answer
  • Adele spends as much time with her grandchildren as she can. She wants them to remember the fun times they have shared when she
    14·1 answer
  • Ile During the War
    11·2 answers
  • Please help me <br> Fill in the chart with all the similarities you can think of
    10·1 answer
  • Property taxes, fees, and lottery funds are all
    12·1 answer
  • Ok this is three in one, help please!
    5·1 answer
  • Which answer choice could be inhibited by greatly decreasing extracellular calcium?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!