r Amit is an entrepreneur who runs his own unit of manufacturing notebook & stationery in Assam due to flood he has lost his stock of worth Rs 800000. Now he want to invest in his business again but unfortunately having deficit of it. Then he decided to took a loan from bank but bank is demanding something as collateral. What is collateral? What happens if a Mr Amit fails to repay the loan.
Answers
Answered by
0
Mr Amit is an entrepreneur who runs his own unit of manufacturing notebook
& stationery in Assam due to flood he has lost his stock of worth Rs 800000. Now
he want to invest in his business again but unfortunately having deficit of it. Then
he decided to took a loan from bank but bank is demanding something as
collateral. What is collateral? What happens if a Mr Amit fails to repay the loan.(5)
Similar questions