Business Studies, asked by Anonymous, 1 day ago

GOOD MORNING SABKO ☺️

The asset or assets that a borrower pledges in order to guarantee repayment of a loan is called as -
1) Cheque
2) Collateral
3) Guarantee card
4) Bond

Answers

Answered by chulbulkumar649

1

Answer:

Collateral

Explanation:

The asset or assets that a borrower pledges in order to guarantee repayment of a loan is called as Collateral

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