Discuss the meaning of collateral .
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property (such as securities) pledged by a borrower to protect the interests of the lender. 2 : a collateral relative A collateral inherited the estate. 3 : a branch of a bodily part (such as a vein)
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Answer:
The term collateral refers to an asset that a lender accepts as security for a loan. ... That is, if the borrower defaults on their loan payments, the lender can seize the collateral and sell it to recoup some or all of its losses
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