ssglildevvo3
contestada

Select the correct answer.
What is collateral?
A. the money used for a down payment on a loan
OB. the assets used to secure a loan
OC. the closing costs associated with obtaining a loan
OD. the lien filed by the lender

Respuesta :

smokstika

Answer:

OB. the assets used to secure a loan

Step-by-step explanation:

You use collateral to decrease the risk for the bank. It can be like a car, or house. If you don't pay them back, they take the car or house.

Answer:

either a or b i think it is a

Step-by-step explanation:

Collateral is a piece of property that a borrower promises to give to a lender if they are unable to pay back a loan.

Otras preguntas