Question

what is collateral ​

Answer 1

Hello friend....

Here's ur answer.....

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

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Hope it helped u......☺️☺️

Answer 2

hey mate!

collateral means the the property or something that we give to the person whom we had taken money but we are unable to return that amount.

hope this will help you...