Economy, asked by swikrutiMohapatra, 6 months ago

what are the items which kept us collateral security against loans?

Answers

Answered by atul0007

10

Gold, house, car or any kind of durable and fixed asset which is valuable enough to allow the borrower to borrow money against it, can be kept as collateral. If borrower fails to repay the loan, the bank or the lender has the right to sell the asset kept as collateral to retrieve the money not paid by the borrower.

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