why do lenders ask for collateral while lending.annya naa acunt peru devilqueen6231 chuste rplyyy ivvuuu plzzz
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Answer: Security against loans!
Explanation: 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.
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