QUESTION IMAGE
Question
the assets in a secured loan are referred to as what?
character
credit
collateral
Brief Explanations
In the context of secured loans, the assets pledged to secure the loan are known as collateral. "Character" relates to the borrower's reputation, and "credit" refers to the ability to borrow or the creditworthiness, not the assets for a secured loan.
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collateral (the option with "collateral" as the text)