Answer:
C: assets used to secure a loan
Explanation:
Collateral is an asset that a borrower offers to a lender as a promise that the payment of the loan will be made. If the borrower doesn't make the payments, the lender can seize the asset and then, sell it to get the money back. The collateral can help the borrower to get the loan approved and it can also allow to get a lower interest rate. According to this, collateral refers to assets used to secure a loan.
