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.

Answer 1

The term that BEST describes the item of value that Riley may have to pledge as a promise to repay her business loan is Collateral.