Question

what is collateral. give example​

Answer 1

Answer:

Collateral is an asset or piece of property that a borrower offers to a lender as security for a loan. ... And, the borrower is more likely to repay the loan if they know they could lose their collateral. Unsecured loans do not use collateral. An example of unsecured lending is a business credit card.

Answer 2

Collateral is an asset or piece of property that a borrower offers to a lender as security for a loan. ... And, the borrower is more likely to repay the loan if they know they could lose their collateral. Unsecured loans do not use collateral. An example of unsecured lending is a business credit card...

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