From the words lettered A to D, choose the word that best completes each of the following sentences. I had to put up my house as _______ for bank loan,

From the words lettered A to D, choose the word that best completes each of the following sentences.

I had to put up my house as _______ for bank loan, 

Answer Details

The word that best completes the sentence is "collateral." Collateral refers to something valuable that is pledged as security for a loan. In this case, the speaker had to put up their house as collateral to obtain a bank loan. This means that if they fail to repay the loan, the bank can seize the house to recover their money. Pledge means to make a solemn promise or undertaking to do something. Agreement refers to a mutual understanding or arrangement between two or more parties. Surety refers to a person who takes responsibility for another's performance or debt.