Social Sciences, asked by sweety329, 1 year ago

what is collateral? for 1mark questions

Answers

Answered by ana19

2

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

Answered by Anonymous

2

Collateral is an asset that the borrower own and uses this as a guarantee to a Leander until the loan is repaid

Previous Question

Next Question

Similar questions

Social Sciences, 8 months ago

who is Mukesh ambani?

Math, 8 months ago

-1 by 8 divided by 3 by 4 the one who will answer first will be marked as brainliest ...

Biology, 8 months ago

the mail component of enamel is a) calcium phosphate b) calcium sulphate c) magnesium sulphate d) magnesium phosphate ...

Science, 1 year ago

what is earth's are there made up of?

Hindi, 1 year ago

Please tell me the format of opcharik patr...

Geography, 1 year ago

calculate the time at A 75W when it is 14 hrs at B 20E...

Science, 1 year ago

all animals whether herbivore or carnivore depend ultimate on ______ for food...

English, 1 year ago

in an exam there were 50 questions and each question carries 4 marks. Sahil scored 80% marks in the test. Later 5 questions were proved logically incorrect and the score of each student was calculated out of the rest of the questions. what is sahil's news score, if he hadn't answered any of the deleted questions?