Collateral is an asset that the borrower owns and uses as a _______ to a lender until the loan is repaid.

Collateral is an asset that the borrower owns and uses as a _______ to a lender until the loan is repaid.

  1. A

    Property

  2. B

    Document

  3. C

    Guarantee

  4. D

    material

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    Solution:

    Explanation:

    Collateral is an asset that the borrower owns (such as land, building, vehicle, livestock, or deposits with banks) and uses this as a guarantee to a lender until the loan is repaid.

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