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What is collateral? 1)money obtained from signing a loan 2) assets obtained after getting a loan 3) assets used to secure a loan 4) money used as a down payment for a loan
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1 vote
What is collateral?

1)money obtained from signing a loan
2) assets obtained after getting a loan
3) assets used to secure a loan
4) money used as a down payment for a loan

User Yang You
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7.6k points

1 Answer

4 votes
Te answer is number 3
User Yumi
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