What do you mean by the collateral?

1.	What do you mean by the collateral?
Answer» Collateral is a security against loans. Collateral is an assit that the borrowers used as a guarentee to a lender untill the loan is repay.... It is an asset that the borrower owns such as land, building, vehicle, livestocks and deposites with banks and uses this as a guarantee to a lender until the loan is repaid.

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