Question

what is collateral?​

Answer 1

Explanation:

COLLATERAL IS AN ASSEST TAKEN BY SECTOR OF LOANS FROM BUYER AS A GUARANTEE.

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Answer 2

Answer:

Collateral is an asset pledged by a borrower to a lender, usually in return for a loan. If you do in fact default on the loan, the loan agreement gives the lender the right to seize and then sell the collateral in order to recover any outstanding balance.

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