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Definition of collateral

asked Apr 16, 2021 28.5k views

3 votes

Definition of collateral

Business
high-school

Marko Rochevski asked

by Marko Rochevski

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2 Answers

6 votes

^^^ I agree have read it over that answer is 100 percent correct

Maksym Govorischev answered Apr 18, 2021

by Maksym Govorischev

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5 votes

Collateral- Something pledged as security for repayment of a loan, to be forfeited in the event of a default.

Indra Prakash Tiwari answered Apr 22, 2021

by Indra Prakash Tiwari

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