UGC NET
Pooja yadav Asked a Question
July 31, 2021 10:31 ampts 30 pts
  • UGC NET
  • Commerce

What is collateral in business law

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  • Pooja yadav
    can we say like this ?
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  • Pooja yadav
    it short collateral means mortgage
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    Rucha rajesh shingvekar
    No Collateral acts as an insurance policy for lenders which can be sold to recover losses when a borrower defaults on their loan. A mortgage is a loan that is taken out by keeping ...
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  • Rucha rajesh shingvekar thankyou
    Collateral is an asset or property that an individual or entity offers to a lender as security for a loan. It is used as a way to obtain a loan, acting as a protection against pote...
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