Economy, asked by gwdnvdostmkgcoivxd, 13 days ago

.what is collateral?
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plscometothemeet​

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Answers

Answered by vanshikapatil200518
1

Answer:

Put simply, collateral is an item of value that a lender can seize from a borrower if he or she fails to repay a loan according to the agreed terms. One common example is when you take out a mortgage. Normally, the bank will ask you to provide your home as collateral.

Answered by cutegirl2617
1

kay hua please ek bar bujhe reply do please

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