Economy, asked by khushi7143, 5 months ago

what are the role of collateral on credit system​

Answers

Answered by Anonymous
2

Answer:

The collateral acts as a form of protection for the lender. That is, if the borrower defaults on their loan payments, the lender can seize the collateral and sell it to recoup some or all of its losses

Answered by sandhuhirdaypal25
2

Answer:

The collateral acts as a form of protection for the lender. That is, if the borrower defaults on their loan payments, the lender can seize the collateral and sell it to recoup some or all of its losses.

Explanation:

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