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| 1. |
Wt is collateral |
| Answer» Collateral\xa0(Security) is an asset that the borrower owns (such as land, building, vehicle, livestocks, deposits with banks) and uses this as a guarantee to a lender until the loan is repaid. If the borrower fails to repay the loan, the lender has the right to sell the asset or\xa0collateral\xa0to obtain payment. | |