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Because lenders are sometimes reluctant to lend large sums of money simply on the borrower's promise to repay, many lenders take a in the
Because lenders are sometimes reluctant to lend large sums of money simply on the borrower's promise to repay, many lenders take a in the property purchased or some other property of the debtor. The property in which the security interest is taken is called If the debtor does not pay the debt, the creditor can on and recover the collateral. A. security interest, collateral; foreclose B. credit card payment; collateral, foreclose OC. security interest, mortgage, foreclose OD. security interest; collateral, finance OE. security interest, the guaranty, foreclose
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