A secured transaction involves a creditor who has sold something on credit or made a loan to a debtor who agrees to give the creditor a security interest in a valuable object,called ______.
A) collateral
B) gift
C) lien
D) easement
E) reversion

Question

Quizplus · Accepted Answer

A secured transaction involves a creditor who has sold something on credit or made a loan to a debtor who agrees to give the creditor a security interest in a valuable object, called collateral.

A Secured Transaction Involves a Creditor Who Has Sold Something