what us colletral?please ask in 15 to20words answer
Answers
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"
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