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
While playing a word game, 4-year-old Carol kept forming the word pat instead of trying new words such as tap or apt from the le
lara [203]

The fact that Carol kept repeating the same word in the game instead of leads us to infer that this is the Rehearsal memory strategy.

<h3>What is the rehearsal memory strategy?</h3>
  • It involves repeating something you want to commit to memory over and over.
  • It is the most common memory strategy used by humans.

Carol is repeating the same word, "pat," over and over again. She is most likely trying to commit this to memory which means that she is using the rehearsal strategy.

Find out more on memory strategies at brainly.com/question/9134427.

3 0
2 years ago
Which area in Latin America is actually a commonwealth of the United States?
user100 [1]
The answer is Mexico
4 0
3 years ago
Read 2 more answers
What is development?<br>​
Alekssandra [29.7K]

Answer:

the process of starting something

Explanation:

You can develop anything really, feelings, buildings, homework.

7 0
2 years ago
The National Reclamation Act directly affected the management of which natural resource?
pychu [463]
<em><u>oil</u></em>

Natural resource which made Ghana a prosperous kingdom is gold. This country had abundance of gold, since it literally sat on the gold mine, and its rulers used it for many years of successful trading. Therefore, the kingdom became powerful and prosperous. In some periods even dogs in Ghana had golden collars, and Ghana's kings were among the richest men in the world. They traded gold for salt (mostly with Arabs) which was very important for people's health. Today, Ghana is the second largest gold producer in Africa.
6 0
3 years ago
When children think of justice and rules as unchangeable properties of the world that are out of the control of people, they are
mr Goodwill [35]

Answer:Heteronomous Morality (5-9 yrs)

Explanation:

This is a stage which is referred to as moral realism which is morality affected by external world. At this stage children's understand morality as based on following rules and laws and obeying them and they see these rules and laws as something that can not be changed or challenged.

They understand that rules comes from authority and violating them will lead to intense punishment.

They know that punishment equals the type of violation that one has committed.

Rules to them at this stage are absolute and non changing

3 0
3 years ago
Other questions:
  • The earliest fossilized human remains have been found in __________.
    6·2 answers
  • What are some facts about albert einstein
    6·2 answers
  • What are the job prospects with each degree in psychology? Include a few examples with each degree.
    13·1 answer
  • In which phase of matter do the particles have the highest state of energy? A.Solid B.Gas C.Plasma D.Liquid
    5·2 answers
  • The two sociologists who referred to society as being a kind of living organism were _______ and ________.
    5·1 answer
  • What should be changed to make the following sentence true? Carl Rogers believed most of our psychological problems are the resu
    14·1 answer
  • Nine-year-old Amanda has no problem understanding that the 20-year-old woman who sometimes stays with her is both a student and
    9·1 answer
  • The most heavily populated areas of africa are found
    14·2 answers
  • The phrase laissez-faire means which of the following? A. to control, B. to let be, C. to buy,D. to contribute
    8·2 answers
  • The process of reasoning to a general conclusion through observation of specific cases is called.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!