Which term describes the right of a lender to sell collateral to get back the principal if the borrower cannot repay the loan? select one of the options below as your
a. collateral
b. interest
c. lien

C. lien

Explanation:

The tax or charge that is applied to a good, wealth or property that belongs to a person and to indicate that it is compromised is called.

It also refers to the type of lien that is the taxable rate, by which a tax rate that can be fixed or variable is generated, and which implies a tax applicable to any property.

A common example of lien is the documents that a person signs in relation to a Mortgage Guarantee Loan, in which a property is given as a guarantee of payment, until such time as the total debt is canceled.

The word encumbrance derives from the Latin gravāmen, and means "burden."

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number

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best of luck,

the divergent