When an entrepreneur applies for a commercial loan, the bank often requires valuable property or assets to be pledged to guarantee repayment in the event of default. Which specialized banking term refers to this security?
- collateralCevap
- Bdividend
- Cpremium
- Ddeposit
Cevap
The correct specialized banking term for an asset pledged by a borrower as security for loan repayment is collateral.
The term 'collateral' is the precise occupational register used in banking and finance to describe property or an asset pledged by a borrower as security for the repayment of a loan.
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Anahtar Kavram
Banking and Financial Register