rohan goes to the bank to take a loan. bank asks him for the security.what is this security known as?
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collateral is another name of security provided against credit.
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The security is know as the collateral .
Collateral is a type of document u have to give the bank as security. If u are not able to play your loan , bank can take away your collateral.
Collateral can be in the form like , house property , your farm or industrys or your land etc
HOPE IT HELPED YOU MATE!!!! ALL THE BEST FOR YOUR TOMMOROW'S EXAM!!!!!!
Collateral is a type of document u have to give the bank as security. If u are not able to play your loan , bank can take away your collateral.
Collateral can be in the form like , house property , your farm or industrys or your land etc
HOPE IT HELPED YOU MATE!!!! ALL THE BEST FOR YOUR TOMMOROW'S EXAM!!!!!!
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