asked 91.7k views
1 vote
A house is used as____for a loan

A. Collateral

B. An asset

C. Security

D. Insurance

2 Answers

6 votes

Answer:

A.) Collateral.

If you get a loan from a bank or get bailed out of jail you will eventually have to pay the loan/bail back to the bank/bail bondsman so you can stay out of jail. Or you can take another route, You can put up your property as Collateral, So if you dont pay your Loan/Bond they can take your property and sell it to a Auction/LandOwners so they get the cash they used to bail you out back.

answered
User Colemerrick
by
7.1k points
4 votes

Answer: A. Collateral

answered
User Rhys Jones
by
8.4k points

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