Loan collateral is:

History

1 answer:

Romashka [77]3 years ago

7 0

Answer: C. Property securing the loan.

Explanation:

The Loan collateral is the asset that the lender can claim in case the borrower is unable to pay off the debt. The lender can then sell this asset and use the proceeds to recoup some or all of the money they lent out.

There are various types of mortgages and they depend on the type of loan. For instance, mortgage loans use property as their collateral. There are however loans that can take cars, investment accounts or even valuable antique collections as collateral.

You might be interested in

Which term refers to the road paving system developed by a Scottish inventor in 1815 that used a raised foundation of crushed ro

SOVA2 [1]

The correct answer for the question that is being presented above is this one: "a. macadam." Macadam is the <span>term that refers to the road paving system developed by a Scottish inventor in 1815 that used a raised foundation of crushed rock</span>

8 0

3 years ago

Read 2 more answers

A chair of height 1 m is placed 1 m in front of a plane mirror. A girl is standing 3 m behind the chair

Zarrin [17]

I think the answer is C

6 0

3 years ago

What lands did the British claim in North America

Monica [59]

British claimed most of North America east of the Mississippi from France.

8 0

3 years ago

What do you think George Washington meant when he once complained "we are one nation today and thirteen tomorrow. Who will treat

Serga [27]

<em>Answer: I think George Washington meant that even with us being a whole nation we're still disunited.</em>

8 0

3 years ago

Explain meaning of reserved powers

svetoff [14.1K]

Answer:

Reserved power is a political power that is not enumerated or prohibited by a constitution, but instead is reserved by the constitution for a specified political authority, such as a state government. Tenth Amendment of the U.S. Constitution provides for reserve power.

6 0

3 years ago