Which term describes the right of a lender to sell collateral to get back the principal if the borrower cannot repay the loan? Select one of the options below as your answer:
A. collateral
B. interest
C. lien
+3
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which term describes the right of a lender to sell collateral to get back the principal if the borrower cannot repay the loan? Select one ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » Which term describes the right of a lender to sell collateral to get back the principal if the borrower cannot repay the loan? Select one of the options below as your answer: A. collateral B. interest C. lien