Question

what is mean collateral ​

Answer 1

Answer:

Collateral is property (such as securities) pledged by a borrower to protect the interests of the lender.

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Answer 2

Answer:

Collateral is an affidavit or an agreement isued by banks on which a owner gives money , goods and services to the lender on the promise of future payment (collateral is mainly papers of property , vehicles etc. ) if the borrower gets unable to pay the money of lender then the lender can sell his/her collateral ....

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