Science, asked by faced16, 11 months ago

What is collateral ???​

Answers

Answered by anuragmehtadps
4

Answer:

Collateral is an asset that a lender accepts as security for a loan. If the borrower defaults on the loan payments, the lender can seize the collateral and resell it to recoup the losses.

hope it works

Answered by KINGofDEVIL
8

ANSWER :

ANSWER REFER TO THE ATTACHMENT PROVIDED

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