In a secured loan, collateral is a. valuable property that the borrower promises to give the lender in the event of default on the loan b. an agreement made in civil court agreeing that the borrower may be arrested in the event of default on the loan c. an agreement signed by a co-borrower promising to pay the loan in the event the primary borrower defaults on the loan d. and insurance policy taken out by the lender and paid for by the borrower to cover the lender from loss in the event of default

the correct answer is a

The answer is option A.

Step-by-step explanation:

In a secured loan, collateral is - valuable property that the borrower promises to give the lender in the event of default on the loan.

When a person borrows money from the lender, he can provide a collateral, it is a kind of guarantee against the loan. The collateral value is sometimes more than the borrowed amount. Like- a person can keep his car as a collateral or any jewelry etc. This is because if in case the person is unable to pay back, the lender can sell off the collateral and recover his money.

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hello, sorry being so rude after all that fighting i found it kind of funny, so as me saying sorry here is an answer!

since the table showed her that   2km = 2000m.

to determine, how many km in 2000m, she would divide by 1000.

= 2000 / 1000 = 2 km.

similarly, for 8000m = 8000 / 1000 = 8 km

cheers to savings

~

your pal papaguy