Collateral means the creditor will hold the ___ to the car until the loan is paid in full.

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Noble

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4 January, 11:42

Collateral means the creditor will hold the ___ to the car until the loan is paid in full.

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Xzavier Donaldson · Answer 1

The best word for the blank is "title". Collateral means the creditor will hold the title to the car until the loan is paid in full. A collateral loan, also known as secured loan, is a loan granted by a financial institution where in exchange the creditor ma offer something if the loan is not paid.