sire2202 sire2202

24-05-2024
Business

Answered

口
2. Choose the correct answer.
A(n).
lien holder
is a person, company, or bank that lends the money for the purchase of a vehicle.
escrow
mortgage
rebate

Answer :

GinnyAnswer GinnyAnswer

24-05-2024

Final answer:

Explanation of cosigner, collateral, and mortgage in lending practices.

Explanation:

Cosigner is another person or firm who legally pledges to repay some or all of the money on a loan if the original borrower does not. Collateral refers to something valuable, often property or equipment, that a lender can seize and sell if the borrower does not repay the loan. A mortgage is a special type of loan where the borrower purchases real estate with borrowed funds, using the property as collateral.

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