which type of property are used in collateral
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- The most common type of collateral used by borrowers is real estate. Property rights give a title of ownership to the land, improvements, and natural resources such as minerals, plants, animals, water, etc., such as one's home or a parcel of land. Such properties come with a high value and low depreciation.
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The most common type of collateral used by borrowers is real estate. Property rights give a title of ownership to the land, improvements, and natural resources such as minerals, plants, animals, water, etc., such as one's home or a parcel of land. Such properties come with a high value and low depreciation.
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