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WHAT IS COLLATERAL

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WHAT IS COLLATERAL

Posted by Kaira Raj 7 years, 9 months ago

CBSE > Class 10 > Social Science

1 answers

Samriddhi Sharma 7 years, 9 months ago

Collateral is an asset that the borrower owns ( such as land ,building, vehicle, livestock, deposit with banks) and uses this as aguarntee to a lender until the loan is repaid.

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CBSE > Class 10 > Social Science