Something of value given or pledged as security for payment of a loan is called _____. chargeback personal equity capital equity collateral

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asked Mar 22, 2018 85.9k views

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Rfs · Answer 1 · 2018-03-28T07:26:43+0000

Something of value given or pledged as security for payment of a loan is called collateral. The collateral is term used in economics and finance to describe an asset pledged by a borrower to a lender, usually in return for a loan.

Something of value given or pledged as security for payment of a loan is called _____. chargeback personal equity capital equity collateral

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