Question

what is a. collateral

Answer 1

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.

Answer 2

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....