_____ is any machinery,equipment,or business property that is made the collateral of a loan.

Machinery

Physical devices or machines, often powered, that are used in manufacturing processes or to perform various tasks in industries.

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower defaults on the repayment terms.

Acquire knowledge of the guidelines followed by finance organizations in extending credit.

Verified Answer

Final Answer :

Chattel

Learning Objectives

Acquire knowledge of the guidelines followed by finance organizations in extending credit.