Social Sciences, asked by m5m8mmtkulaksh, 1 year ago

why do bank ask for collateral while being credit to the borrower

Answers

Answered by ANIKETSINGH

7

bank asks for collateral becoz if the borrower is unable to repay the loan, bank can own the collateral, and sell it for their repayment.

Previous Question

Next Question

Similar questions

Hindi, 8 months ago

'जग' शब्द का दो पर्यायवाची शब्द लिखिए।...

Hindi, 8 months ago

pulakavali ka sandhi viched Kya hai?

Math, 8 months ago

If a = 1 + i, then a² equals ...

Biology, 1 year ago

what is a fungi? what are its uses? how is it used in modern technology...

Science, 1 year ago

why electroplating is dangerous to our environment? Justify?

Computer Science, 1 year ago

List the advantages of computer usage in an industry NCERT Solutions for Class 11th CCT-1 Chapter 1 Exercise 4...

Chemistry, 1 year ago

Match the following species with their corresponding ground state electronic configuration. Atom / Ion Electronic configuration (i) Cu (a) 1s2 2s2 2p6 3s2 3p6 3d10 (ii) Cu^2+ (b) 1s2 2s2 2p6 3s2 3p6 3d10 4s2 (iii) Zn^2+ (c) 1s2 2s2 2p6 3s2 3p6 3d10 4s1 (iv) Cr^3+ (d) 1s2 2s2 2p6 3s2 3p6 3d9 (e) 1s2 2s2 2p6 3s2 3p6 3d3...

Computer Science, 1 year ago

how to make a collage on convergence of technology...