Question

why do banks ask for colledral while lending? give reason ​

Answer 1

Explanation:

because their is fund....

Answer 2

Answer:

Lenders ask for collateral as security against loans. If the borrower fails to repay the loan, the lender has the right to sell the asset-or collateral to recover the payment. ... It is for this reason that lenders ask for collateral while lending.

Explanation:

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