Social Sciences, asked by Eknoor111, 1 year ago

what is the meaning of "collateral"?

Answers

Answered by Panditji111

something pledged as security for repayment of a loan, to be forfeited in the event of a default.
"she put her house up as collateral for the bank loan"

Answered by anwessardar

Collateral is an assest of the borrower on the basis of which banks give loans.

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