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What is collateral? A. a finance charge B. a specific type of home loan C. an asset or group of assets that are linked to a loan D. a down payment
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What is collateral?

A. a finance charge
B. a specific type of home loan
C. an asset or group of assets that are linked to a loan
D. a down payment

User David Henderson
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2 Answers

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Answer is C an asset or group of assets that are linked to a loan
User Tboerman
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2 votes

Answer:

C. An asset or group of assets that are linked to a loan

Step-by-step explanation:

Collateral is something the bank can take/repossess to sell and get back the money they loaned you if you don't repay your loan. Cars and houses are great examples of this.

User Anticyclope
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