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What do you mean by the …

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What do you mean by the collateral?

    • Posted by Aman Koli 6 years, 8 months ago

    CBSE > Class 10 > Social Science
    • 2 answers

    Shreya Chauhan 6 years, 8 months 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... ?? 6 years, 8 months 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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