Social Sciences, asked by deekshimenon, 11 months ago

What is collateral and defenition

Answers

Answered by gowrinanda

1

Answer:

Explanation:

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

pls do mark brainliest

Answered by binuvarghesee

0

Answer:

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

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