what is colleteral ,what is its uses , it has any benefit yes or no
Answers
Answered by
0
Answer:
As per my thinking....
Colleteral is an item of value used to secure loan .
Answered by
0
Collateral may take the form of real estate or other kinds of assets, depending on the purpose of the loan. The collateral acts as a form of protection for the lender. That is, if the borrower defaults on their loan payments, the lender can seize the collateral and sell it to recoup some or all of its losses.
Yes,it has many benefits
Similar questions