Define colleteral
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Posted by Rakesh Pandey 6 years, 8 months ago
- 2 answers
Gaurav Seth 6 years, 8 months ago
Collateral is an asset or form of physical wealth that the borrower owns like house, livestock, vehicle etc. It is against these assets that the banks provide loans to the borrower.
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Ansh Giri 6 years, 8 months ago
0Thank You