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What is collateral mean

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What is collateral mean

    • Posted by Manish Mali 2 years, 11 months ago

    CBSE > Class 10 > Social Science
    • 1 answers

    Omya Aryan 2 years, 11 months ago

    Collateral is an asset that the borrower owns (land, property, bank deposit etc.) and uses it as a guarantee that he will repay the loan.

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