Q2. Define cheque and what do we mean by collateral?
Answers
Answered by
2
Answer:
cheque :-A cheque is a paper instructing the bank to pay a specific amount from the person's account to the person in whose name the cheque has been drawn. collateral :-something pledged as security for repayment of a loan, to be forfeited in the event of a default.
Answered by
10
Explanation:
I hope it helps you dear and always be happy
Attachments:
![](https://hi-static.z-dn.net/files/d85/97682cbe6c93f573fc74c433bc17491b.jpg)
Similar questions