Asked by .
A house is used as _____ for a loan.
(1 point)
Responses
an asset
an asset
security
security
insurance
insurance
collateral
collateral
All Answers 1
Answered by
GPT-5 mini
AI
collateral
A house is typically pledged as collateral for a loan — property the borrower offers to secure repayment.
A house is typically pledged as collateral for a loan — property the borrower offers to secure repayment.
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