Which term refers to assets pledged as security for a debt?

The term that refers to assets pledged as security for a debt is collateral. Collateral serves to protect the lender by providing an assurance that, in the event the borrower defaults on the loan, the lender has a claim to the specified assets. This reduces the lender's risk and often allows borrowers to access loans they might not qualify for otherwise, based on their creditworthiness alone.

Commission refers to compensation paid to real estate agents or brokers for their services in facilitating a transaction, rather than any asset security. Commitment typically relates to a pledge or agreement, such as a promise to ensure a loan amount for a borrower, but it does not specifically denote secured assets. Comparables are properties similar to a subject property that are used in determining its value, known in real estate as "comps," which helps in appraisals but does not imply a security interest. Thus, in the context of assets pledged for debt security, collateral is the most accurate and relevant term.