John buys a new car with the help of a loan. He permits the creditor to take possession of the car if he cannot repay the loan in time. Here, the car is the ________.

Answers

Answer 1

Answer:

Answer:

collateral

Explanation:

Collateral is asset which borrower give to lender as security to extend the loan. It is type of grantee which borrower or buyer give to lender or seller to make sure that payment will be paid on time. If any case borrower may get default then lender has authority to sell that asset and fulfill portion of his loss.

Related Questions

Can anyone help? I need to write at least 1-2 paragraphs explaining and answering each question pictured. Thanks!
WILL MARK AS BRAINLIEST!!!!! PLS HELP ASAP Which of the following is true about the backcountry. Select all that apply. (2 points) The backcountry had professionals and artisans the gateway to the backcountry was Augusta Backcountry settlers only had themselves to rely on for survival some of the men in the backcountry belonged to social clubs
Which one of the following groups of advisors is NOT part of the Executive Office of the President?a. chief of staff, press secretary, legal advisor b. National Security Council, Office of Management and Budget c. Council of Economic Advisers, Office of National Drug Control Policy d. General Service Administration, NASA, EPA
in addition to weaponry, communication, and medicine, which war time industries had significant technological breakthroughs?
tell me about a time when you had to work closely with someone whose personality was very different from yours.

What are the south African human rights and responsibilities

Answers

the south African human right side commission is the national institution it can do this on its own accord or in respond to a complaint laid by the public

A person's beliefs and general outlook, which act like filters on the information they receive, are called A. motivation. B. efficiency. C. attitude. D. consideration.

Answers

A person's beliefs and general outlook, which act like filters on the information they receive is called 'attitude'. Your attitude will affect how you perceive your surroundings and the information you receive. The correct answer is letter "C. attitude".

Why is naturalization important?

Answers

Naturalization, that is the process of granting citizenship to people who have not so far been citizens, provides a way for people who anyway live in the country legally and are full participants in all its actions, to be a full and voting member of the society. It prevents conflicts based in discrimination, which could be possible if those people never could become full citizens.

The importance of the media in a Democratic country such as south Africa Coverage of political events (campaigns)

Answers

The importance of the media in a democratic country is to inform people about the events and the actions of people in an impartial way.

So, in the case of elections, while the candidate would want to present themselves in the most favourable light possible, it is the role of the media to check if the candidate is not bending the truth and for example violating the rules he or she is advocating for.

The high point of the action is the _____.a. climax
b. denouement
c. crisis
d. conflict

Answers

I assume that the context is story-telling and the high point refers to the high point of the story, or the one moment in which the decision is made that will influence the rest of the story: this is called climax (answer a).

The conflict might happen before the climax, and lead to it.

Answer:. climax

Explanation:

What is the Senate (in terms of ancient Rome)?

Answers

Answer:

In ancient Rome the type of government was REPUBLIC.

Romans were pioneers in many fields such as politics, education, art, etc.

They established as a form of government "the republic" in which, for example, citizens could be elected members of the Senate. This model was imitated by many countries such as the United States for centuries.

Explanation:

I hope this is the answer that you're looking for. !

Other Questions

Which principle keeps one state from denying the validity of a birth certificate that was issued by another stateSupremacy Clause interstate compact division of powers Full Faith and Credit Clause

According to the peter principle, in a hierarchy no one ever rises to their level of incompetence. true or false

You're most likely to pay your county or town taxes in the form of a/an _______ tax.A. propertyB. exciseC. salesD. income

How is the leader chosen in Saudi Arabia? (450)A. The leader is selected by a small group of Islamic leaders.B. The leader must agree to share power with the legislature.O C. The leader must be a family member of the previous leader.D. The leader is a ceremonial position, as religious leaders actually rule the country.