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.
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.
