Accountancy, asked by abhinav5188, 1 year ago

what is the basis of collateral security​

Answers

Answered by shreyapathak63
1

Answer:

Collateral is any property or asset that is given by a borrower to a lender in order to secure a loan. It serves as an assurance that the former will repay to the latter the amount he owes, plus interest. Security, on the hand, refers to a broad set of financial assets used as collateral for a loan.

Answered by Brajesh117134
1

Answer:

Explanation:

Collateral is any property or asset that is given by a borrower to a lender in order to secure a loan. It serves as an assurance that the former will repay to the latter the amount he owes, plus interest. Security, on the hand, refers to a broad set of financial assets used as collateral for a loan.

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