assertion :Collateral is an asset that borrower on such as building accident. reason: for loan forever can withdraw guarantee as and when she or he wants choose the correct option a)both are correct and r is correct explanation of a. b)both are correct. c)a is true r is false. d)both ate false
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I think it's the correct option is c
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assertion :Collateral is an asset that borrower on such as building accident.
reason: for loan forever can withdraw guarantee as and when she or he wants
the correct answer is option (c) a is true r is false.
- Collateral is any property or asset that is given by a borrower to a lender in order to secure a loan.
- It serves as an assurance that the lender will not suffer a significant loss.
- Securities, on the other hand, refer specifically to financial assets (such as stock shares) that are used as collateral.
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