hii guys.. what is the meaning of collateral??
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hii guys.. what is the meaning of collateral??
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Answer :
It is the thing which is pledged under the security of the loan mainly by the bank .
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[tex]hope \: it \: helps[/tex]
Explanation:
collateral
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noun
property or something valuable that you agree to give to somebody if you cannot pay back money that you have borrowed
connected with something else, but in addition to it and less important
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