Social Sciences, asked by nawangdema74, 11 months ago

What do you mean by the term 'Collateral' ?

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Answered by Anonymous

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 pravin29101971

Answer:

collateral means security

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What do you mean by the term 'Collateral' ?