Question

objectives - list ways by which an entrepreneur can assess his or her own collateral or equity. vocabulary collateral assets used as a guarantee or security for the payment of a loan question # 1 multiple choice assets used as a guarantee or security for the payment of a loan are known as collateral. true false

Explanation:

The provided vocabulary defines collateral as assets used as a guarantee or security for loan repayment, which matches the statement in the question.

Answer:

True