Economy, asked by veereshnagaraj60, 10 months ago

What is collateral ​

Answers

Answered by Anonymous
12

hyy mate ✌️

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.

hope it will help you ❣️❣️

Answered by jibinajimmy2347k
0

collateral is an asset that a lender accepts as a

security for extending a loan.

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