Accountancy, asked by ayushbhoge001, 1 month ago


Accepting the right of the bank on the
collateral given by the borrower means-
.​

Answers

Answered by Anonymous
0

Explanation:

Personal loans are typically unsecured, meaning they don't require collateral, but lenders require some personal loans to be backed by something that holds monetary value. Collateral on a secured personal loan can include things like cash in a savings account, a car or even a home

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