Define collateral security. What entry may be passed when
debentures are issued as collateral Security.
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The term collateral refers to an asset that a lender accepts as security for a loan. Collateral may take the form of real estate or other kinds of assets, depending on the purpose of the loan
Explanation:
KEY TAKEAWAYS
Collateral is an item of value used to secure a loan.
Collateral minimizes the risk for lenders.
If a borrower defaults on the loan, the lender can seize the collateral and sell it to recoup its losses.
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