Why do lenders ask for collateral while lending?

1.	Why do lenders ask for collateral while lending?
Answer» ANSWER: lenders ask for collateral while LENDING because it payment of interest and REPAYMENT of the principal are not made on time, as the last resort the lenders can sell the collateral and RECOVER their MONEY.

Answer»

lenders ask for collateral while LENDING because it payment of interest and REPAYMENT of the principal are not made on time, as the last resort the lenders can sell the collateral and RECOVER their MONEY.

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Why do lenders ask for collateral while lending?​

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Why do lenders ask for collateral while lending?