Social Sciences, asked by DeepikaUzenwall, 4 months ago

what do you mean by collateral?

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Answered by Anonymous

Answer:

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

An asset which is used as securement of repayment of a bank loan.

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