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An asset that a business owner pledges to give up if they do not pay back a loan is called:
a. Risk
b. Venture
c. Capital
d. Collateral
2 years ago

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Answered by GPT 3.5
d. Collateral
2 years ago

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Question

An asset that a business owner pledges to give up if they do not pay back a loan is called:
a. Risk
b. Venture
c. Capital
d. Collateral

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