Math, asked by Anonymous, 11 months ago

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what is collateral???​

Answers

Answered by Anonymous
19

Step-by-step explanation:

Collateral is property or other assets that a borrower offers a lender to secure a loan. The day all the loan is paid off by the borrower is the day the home will no longer be collateral, and the lender won't have any rights to the asset.

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Answered by Chaitanyahere
1

Answer:

Virat Kohli

something pledged as security for repayment of loan .

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