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harry decides to borrow some money from a bank? what type of assignment will harry probably use to secure the loan
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harry decides to borrow some money from a bank? what type of assignment will harry probably use to secure the loan

User Szymanowski
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1 Answer

1 vote

Answer:

A life insurance policy.

Step-by-step explanation:

An assignment or collateral assignment is a type of guarantee for the lender. the most used is a life insurance policy that will cover the payments of the debt to the lender if Harry fails to pay.

User Dbtek
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