Give an example of Collateral
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Mortgages — The home or real estate you purchase is often used as collateral when you take out a mortgage. Car loans — The vehicle you purchase is typically used as collateral when you take out a car loan. Secured credit cards — A cash deposit is used as collateral for secured credit cards.
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Property such as land titles, deposits with banks, livestock are some common examples of collateral used for borrowing.
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