what is Collateral Bank
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Heya,
Collateral Bank is one which provides loan on the basis of collateral.
-» Collateral is an asset pledged by a borrower to a lender, usually in return for a loan.
-» The lender has the right to seize the collateral if the borrower defaults on the obligation.
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Collateral Bank is one which provides loan on the basis of collateral.
-» Collateral is an asset pledged by a borrower to a lender, usually in return for a loan.
-» The lender has the right to seize the collateral if the borrower defaults on the obligation.
HOPE IT HELPS:-))
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hey your ans is
Collateral is a property or other asset that a borrower offers as a way for a lender to secure the loan. If the borrower stops making the promised loan payments, the lender can seize the collateral to recoup its losses. ... A lender's claim to a borrower's collateral is called a lien.
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Collateral is a property or other asset that a borrower offers as a way for a lender to secure the loan. If the borrower stops making the promised loan payments, the lender can seize the collateral to recoup its losses. ... A lender's claim to a borrower's collateral is called a lien.
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