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Why do lenders are collateral

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Why do lenders are collateral

Posted by Karan Chauhan 7 years, 1 month ago

CBSE > Class 10 > Social Science

1 answers

Yogita Ingle 7 years, 1 month ago

Lenders ask for collateral while lending because if payment of interest and repayment of the principal are not made on time, the lenders can sell the collateral assest and recover their money.

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CBSE > Class 10 > Social Science