Social Sciences, asked by Anonymous, 5 months ago

Why do lenders asked from co-lateral why leading???
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Answers

Answered by parinapanda
1

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. Collateral assets (such as land, vehicle, etc.) ... It is for this reason that lenders ask for collateral while lending.

Explanation:

Answered by Anonymous
2

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