The commercial bank refused to approve the business loan application because the applicant failed to pledge adequate ________ as security for the facility. Which of the following specialized terms correctly completes the sentence?
- collateralCevap
- Bdividend
- Cpremium
- Dcommission
Cevap
The correct term is 'collateral'.
In banking and finance register, 'collateral' refers specifically to valuable assets pledged by a borrower as security for loan repayment, perfectly completing the sentence context.
Adım Adım Çözüm
Anahtar Kavram
Occupational and Specialized Registers - Banking and Finance Terminology
Tahmini Süre:45s