Social Sciences, asked by Gurjar64, 1 year ago

what is a. collateral

Answers

Answered by neha7755

Collateral is property or other assets that a borrower offers a lender to secure a loan.The day all the loan is paid off by the borrower is the day the home will no longer be collateral, and the lender won't have any rights to the asset.

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Answered by anjali993

Hlo mate....

here is your answer...

collateral is a property or other asset that a borrower offers as a way for a lender to secure the loan. If the borrower stops making the promised loan payments, the lender can seize the collateral to recoup its losses.

I hope it help you....

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