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An asset the creditor can take if the borrower doesn't repay the debt is called _______ a. capital. b. capacity. c. character. d. collateral.

An asset the creditor can take if the borrower doesn't repay the debt is called _______ a. capital. b. capacity. c. character. d. collateral.
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An asset the creditor can take if the borrower doesn't repay the debt is called _______

a. capital.
b. capacity.
c. character.
d. collateral.

asked
User Terik
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8.3k points

1 Answer

7 votes

Answer: It's called a collateral

answered
User ZeDonDino
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9.0k points
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