Question

What is the meaning of collatral, in economics​

Answer 1

Answer:

Explanation:

Collateral is an asset that a lender accepts as security for a loan. If the borrower defaults on the loan payments, the lender can seize the collateral and resell it to recoup the losses.

Answer 2

Explanation:

Collateral is an asset aur piece of property that a borrower offers to a lender security from a loan . If the borrower fails to pay the loan , the lender has the right to take the asset used as Collateral .

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