Question

Which term describes the right of a lender to sell collateral to get back the principal if the borrower cannot repay the loan?Select one of the options below as your answer:

A. collateral
B. interest
C. lien

Answer 1

Answer: C. lien......

Answer 2

C. lien

Step-by-step explanation:

The tax or charge that is applied to a good, wealth or property that belongs to a person and to indicate that it is compromised is called.

It also refers to the type of lien that is the taxable rate, by which a tax rate that can be fixed or variable is generated, and which implies a tax applicable to any property.

A common example of lien is the documents that a person signs in relation to a Mortgage Guarantee Loan, in which a property is given as a guarantee of payment, until such time as the total debt is canceled.

The word encumbrance derives from the Latin gravāmen, and means "burden."