Fill in the Blank QuestionFill in the blank question.A loan backed by collateral, something valuable like property, is called a loan.

______________ is a money market instrument, but it has collateral.

Property that is pledged to the lender in the event that a borrower cannot make his or herdebt payment is calledA) collateral.B) points.C) interest.D) good faith money.

What is a secured loan, in which a real property is given as collateral, called?Commercial real estate loanRepossession Deficiency judgmentMortgage

The amount of money charged to borrow money, expressed as a percentage, is called the _____.A.loan termB.collateralC.principalD.interest rate

A financial institution that makes loans using a borrower's car as collateral is called a _____.A.credit unionB.payday lenderC.title pawn lenderD.retail bankSUBMITarrow_backPREVIOUS