Social Sciences, asked by sasikrishna7, 1 year ago

what is collateral ?​

Answers

Answered by sparkle0072
2
Collateral is an asset pledged by a borrower to a lender, usually in return for a loan. The lender has the right to seize the collateral if the borrower defaults on the obligation.

Hope it helps you...
Answered by Anonymous
2

Answer:

property or something valuable that you agree to give to somebody if you cannot pay back money that you have borrowed

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