A source of business financing which involves pledging of a specific assets is?
-
A.
bond -
B.
mortage -
C.
debentures -
D.
loan
Correct Answer: Option B
Explanation
A mortgage is a loan in which property or real estate is used as collateral. The borrower enters into an agreement with the lender (usually a bank) wherein the borrower receives cash upfront then makes payments over a set time span until he pays back the lender in full.