what is the basis of collateral security
Answers
Answered by
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
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.
Similar questions