Economy, asked by tanishqv09, 1 year ago

What do you understand by collateral

Answers

Answered by ABHI9931
1
Collateral is a property or other asset that a borrower offers as a way for a lender to secure the loan. 
hope it helps you
Answered by Karthikay8020
1
The things that you have to give to bank in Return Of loans until You repaid the loan are called collateral
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