Social Sciences, asked by jaganpolicr, 6 months ago

What is collateral?

Answers

Answered by anjaligautam82874

0

Answer:

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

Answered by sandhu2462

0

Answer:

The term collateral refers to an asset that a lender accepts as security for a loan.

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