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71. What does it mean for a new business loan to be-(Answered)

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Question

?? 71.?? What does it mean for a new business loan to be collateralized?

a.

Should the business fail, the loan is simply not repaid.

b.

The lender may sell a specific asset to recover the loan

c.

The borrower does not pay interest on the loan.

d.

The borrower only pays interest when the entire loan is due.

 

Paper#9209999 | Written in 27-Jul-2016

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