Social Sciences, asked by Anonymous, 1 year ago

5 points.
What is collateral...
Give definition only.

Answers

Answered by aami21

✨Collateral is property or document of the borrower kept as a guarantee in the bank until the loan is repaid.

HOPE IT HELPS

ALL THE BEST❤✨

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Answered by snowflake125

collateral is the property or the other assets that a borrower offers the lender to secure of loan.

Hope this will help you..

please mark as brainlist !!

Anonymous: Thnx

snowflake125: its my pleasure

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5 points. What is collateral... Give definition only.

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5 points.
What is collateral...
Give definition only.