Question

Money-lenders usually demand a ‘security’ from the borrower. What is the formal word used for the ‘security’, such as land, vehicle, livestock, building, etc.?

Answer 1

Answer:

Collateral

Explanation:

Answer 2

Answer:

The formal word used for the ‘security’, such as land, vehicle, livestock, building,etc is called "Collateral".

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                                         PS: MARK AS BRAINLIEST