Social Sciences, asked by singhsanjiv5356, 9 months ago

Give an enample of collateral​

Answers

Answered by ElegantSplendor
3

Answer:

Collateral is an asset or piece of property that a borrower offers to a lender as security for a loan. If the borrower fails to pay the loan, the lender has the right to take the asset used as collateral. An example of unsecured lending is a business credit card

Answered by sanjugkp2379
4

Answer:

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