Property that is pledged to the lender in the event that a borrower cannot make his or her debt payment is called
A) collateral.
B) points.
C) interest.
D) good faith money.
Answer: A
Property that is pledged to the lender in the event that a borrower cannot make his or her debt payment is called
A) collateral.
B) points.
C) interest.
D) good faith money.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.