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Question

Difficulty: MediumOccupational and Specialized Registers

Complete the sentence below by supplying the correct specialized banking and financial register term for the blank.

Answer:To secure the loan from the commercial bank for his business expansion, the entrepreneur was required to pledge his real estate property as 【collateral】.

Answer

collateral
The correct term is 'collateral'. In banking and finance, 'collateral' specifically refers to an asset or property pledged by a borrower to guarantee repayment of a loan.

Step-by-Step Solution

1
Analyze the sentence context and professional domain
The scenario describes a banking transaction involving borrowing funds (a loan) secured against an asset (real estate property).
Specialized registers require choosing the precise technical vocabulary appropriate to the domain of banking and finance.
2
Identify the precise financial register term
'Collateral' is the standard financial term for property or an asset offered as a security pledge for loan repayment.
If the borrower defaults, the lender gains legal rights to seize the collateral to recover the debt.

Key Concept

Occupational and Specialized Registers (Banking and Finance)
Estimated Time:1m 0s
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Topics

Occupational and Specialized Registers

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