The term that BEST describes the item of value that Riley may have to pledge as a promise to repay her loan is Collateral.
Riley is sitting with her loan officer, reviewing the terms for repayment of her business loan. She noticed she may have to pledge something of value as a promise to repay. What term BEST describes this item of value?
(1 point)
Responses
Negotiation
Negotiation
Security
Security
Bond
Bond
Collateral
1 answer
1 answer