Social Sciences, asked by devSarraf, 1 year ago

Class X Social Sciences
[papers from previous years]

Which one of the following is the appropriate
meaning of collateral?
(A) It is the sum total of money borrowed from
banks
(B) The amount borrowed from
friends
(C) It is an asset of the borrower used as
guarantee to a lender
(D) The amount invested in a business

Answers

Answered by bhalaraneha

2

(C) It is an asset of the borrower used as guarantee to a lender

Answered by syedaleemuddin

1

(C) is the correct option

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