The person who must repay the loan in a secured transaction is called the: A) secured party. B) obligor. C) creditor. D) collateral holder.

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter4: Going Into Debt
Section4.2: Sources Of Loans And Credit
Problem 1R
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The person who must repay the loan in a secured transaction is called the:

A) secured party.

B) obligor.

C) creditor.

D) collateral holder.

 

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