Economy, asked by sonusagar50, 6 months ago

what do u mean by colletral? explain it

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Answered by Itzinnocentdairymilk

The term collateral refers to an asset that a lender accepts as security for a loan. ... 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.

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Answered by Anonymous

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what do u mean by colletral? explain it​

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what do u mean by colletral? explain it