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What do you mean by the collateral?

Posted by Aman Koli 7 years ago

CBSE > Class 10 > Social Science

2 answers

Shreya Chauhan 7 years ago

Collateral is a security against loans. Collateral is an assit that the borrowers used as a guarentee to a lender untill the loan is repay....

2Thank You

@Kumu...#Vk... ?? 7 years ago

It is an asset that the borrower owns such as land, building, vehicle, livestocks and deposites with banks and uses this as a guarantee to a lender until the loan is repaid.

2Thank You

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CBSE > Class 10 > Social Science