Social Sciences, asked by jaganpolicr, 8 months ago

What is collateral?

Answers

Answered by vidhathree6

Answer:

something pledged as security for repayment of a loan, to be forfeited in the event of a default.

Answered by zak04

Answer:

collateral is an asset that the borrower owns and lends it to lender as a guarentee in case if the borrower doesnt repay the money.

Explanation:

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