Business Studies, asked by aviisharma38, 10 months ago

what is collateral transaction ? ​

Answers

Answered by Anonymous
0

Here is your answer ⤵️⤵️⤵️⤵️⤵️⤵️

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 YOU !!!

aviisharma38: thnx
Anonymous: wello
Answered by Anonymous
5

Answer:

property or something valuable that you agree to give to somebody if you cannot pay back money that you have borrowed

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