Question

hello guys ❤❤❤



what do you mean by collateral??​

Answer 1

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DEFINITION of 'Collateral' Collateral is a property or other asset that a borrower offers as a way for a lender to secure the loan. If the borrower stops making the promised loanpayments, the lender can seize thecollateral to recoup its losses. ... A lender's claim to a borrower'scollateral is called a lien......

Answer 2

Answer:

Collateral means the property or something valuable that you agree to give somebodyif you cannot pay back money that you have borrowed

I hope it Will be helpfully for you

Thanks