A valuable asset pledged to a lender as security for a loan is called: A. net worth. B. collateral. C. wealth. D. capital.

asked Apr 1, 2020 72.4k views

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A valuable asset pledged to a lender as security for a loan is called:

A.

net worth.

B.

collateral.

C.

wealth.

D.

capital.

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2 votes

B. Collateral
is the answer

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5 votes

Answer:

Explanation:

Collateral is a valuable asset pledged to a lender as security for a loan.

Gonzaw answered Apr 7, 2020

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