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What is the concept of collateral …

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What is the concept of collateral security?

    • Posted by Aayushi Rp 6 years, 9 months ago

    CBSE > Class 12 > Accountancy
    • 2 answers

    Kriti Bajpai 6 years, 9 months ago

    When a company take a loan from bank loan or from some other party , the company may have to issue debentures as a subsidiary or secondary security in addition to the principal security.is known as collateral security.

    1Thank You

    Ashish Kumar 6 years, 9 months ago

    It is additional security offered by borrowing unit to bank!!

    3Thank You

    ANSWER
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