Math, asked by deepanshujawlia, 1 year ago

what do you mean by collateral

Answers

Answered by MSoumya

something pledged as security for repayment of a loan, to be forfeited in the event of a default.

Answered by Vanshsharma420

Collateral is the security which banks take before giving loan. For example - if u r taking a loan than bank will take ur car or other thing as security.

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