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What do you mean by collateral

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What do you mean by collateral
  • 3 answers

Yogita Ingle 6 years, 8 months ago

Collateral is an asset that the borrower owns(such as land, buliding, etc) and uses this as a gaurantee to a lender until the loan is repaid.....if the borrower falis to pay back the money then the lender has the right to sell the asset or  collateral to obtain payment.

Anushka Jugran ? 6 years, 8 months ago

Collateral is a asset or a property of the borrower offered to lender to secure the loan.

Honey ☺☺☺ 6 years, 8 months ago

According to me it is girwi iin hindi
http://mycbseguide.com/examin8/

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