Mariah is looking to obtain a loan to start a small business. She speaks with a financial institution and it informs her that she will be approved for the​ loan, but that if she were to default on the loan for any​ reason, the bank would have to seize her building and all the equipment in it. This is an example of​ _______.

Mariah is looking to obtain a loan to start a small business. She speaks with a financial institution and it informs her that she will be approved for the​ loan, but that if she were to default on the loan for any​ reason, the bank would have to seize her building and all the equipment in it. This is an example of​ _______.



A. an unsecured loan

B. a debenture

C. a trade credit

D. a compensating balance

E. collateral



Answer: E. collateral


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