To pledge something as collateral as in a mortgage is best defined as:

a. Pawning
b. Hypothecation
c. Impoundment
d. All of the above

Answer: b. Hypothecation

Business

You might also like to view...

List the budgets that are affected by the budgeted number of units to be produced

What will be an ideal response

Business

Frank runs a call center. He is likely to do business _____________

a. In any of the following locations b. In his clients' home c. In a location remote from his customers d. In a mutually accessible location

Business