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Tema [17]
3 years ago
5

Which of the following best describes a valuable asset used to secure a loan from a lender?

Business
1 answer:
katrin [286]3 years ago
3 0

Answer:

A. Collateral

Explanation:

Collateral is a pledge that is given to a person in exchange for a loan (of something). The pledge could be redeemed after the loan has been returned (along with whatever strings has come attached with borrowing the item).

~

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Kate purchased 500 shares of Fast Deliveries stock on Wednesday, July 7th. Ted purchased 100 shares of Fast Deliveries stock on
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