Social Sciences, asked by parvjain37, 1 day ago

what us colletral?please ask in 15 to20words answer​

Answers

Answered by Itz2minback
1

Answer:

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 dwivedin969
2

Explanation:

Definition of collateral (Entry 1 of 2)

1: property (such as securities) pledged by a borrower to protect the interests of the lender

2: a collateral relative

A collateral inherited the estate.

3: a branch of a bodily part (such as a vein)

4: informational materials (such as brochures and fact sheets) used in selling a product or service to a prospective customer or buyer

Attendees can expect to make approximately 50 new business contacts and should … have an ample supply of business cards, marketing collateral and anything else to help potential leads remember them.

— Nancy Hollingshead and Laurie Winslow

Similar questions