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What is meant by collateral

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What is meant by collateral

Posted by Vivek Sapra 6 years, 9 months ago

CBSE > Class 10 > Social Science

3 answers

Always Be Wid Me Baby ??? 6 years, 9 months ago

Collateral is a written document which is given to the govt as a proof of repayment of loan

0Thank You

Lokesh Gangwar 6 years, 9 months ago

Collateral is an asset that borrower owns and uses it as a guarantee to a lander until the loan is repaid.

0Thank You

Honey ??? 6 years, 9 months ago

An asset which can be kept as security in order to give loans to the needy

2Thank You

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CBSE > Class 10 > Social Science