Choose the option that best completes the sentence.
I had to put up my house as _____ for the bank loan.
- pledge
- agreement
-
collateral
- surety
The correct answer is: C
Explanation
When someone offers something of value, like a house, in exchange for a loan, it is referred to as "collateral." This is a common practice where the collateral serves as security for the loan in case the borrower fails to repay it.
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