Economy, asked by niksrcm6998, 1 year ago

Rights of lender against collaterals


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Answers

Answered by folllowYou
233

here is your answer

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If the borrower defaults on a loan, the lender would have the rightto acquire the collateral in an attempt to pay off the remaining debt. ... Collateral itself is property or another asset that a borrower offers as a way for a lender to secure the loan.

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