Economy, asked by nipun739, 6 months ago

What is collateral?

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Answered by Anonymous

6

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In lending agreements, collateral is a borrower's pledge of specific property to a lender, to secure repayment of a loan.

Answered by Anonymous

9

In lending agreements, collateral is a borrower's pledge of specific property to a lender, to secure repayment of a loan.

hope it's help

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