 #1 (permalink) Sun Jan 16, 2011 12:46 pm asset-based loans |
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 Business English Lesson, Advanced Level
ESL/EFL Test #182 "Asset-based Loans", question 1
The Bank of America offers asset-based loans, which are ......... by a company's accounts receivable, inventory, equipment, and/or real estate.
(a) assured
(b) covered
(c) obtained
(d) secured
Business English Lesson, Advanced Level
ESL/EFL Test #182 "Asset-based Loans", answer 1
The Bank of America offers asset-based loans, which are secured by a company's accounts receivable, inventory, equipment, and/or real estate.
Correct answer: (d) secured
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