rosiemp021 rosiemp021
  • 02-05-2019
  • Social Studies
contestada

A house is used as____for a loan

A. Collateral

B. An asset

C. Security

D. Insurance

Respuesta :

Аноним Аноним
  • 02-05-2019

Answer: A. Collateral  

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Hotdugz Hotdugz
  • 02-05-2019

Answer:

A.) Collateral.

If you get a loan from a bank or get bailed out of jail you will eventually have to pay the loan/bail back to the bank/bail bondsman so you can stay out of jail. Or you can take another route, You can put up your property as Collateral, So if you dont pay your Loan/Bond they can take your property and sell it to a Auction/LandOwners so they get the cash they used to bail you out back.

Answer Link

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