Collateral
Property or other valuable assets which a borrower offers as a way to secure the loan. This is insurance for the lender if you end up defaulting on the loan.
Source: Julia Kagan. Unsecured. Dotdash Meredith. 19 January 2022.
Property or other valuable assets which a borrower offers as a way to secure the loan. This is insurance for the lender if you end up defaulting on the loan.
Source: Julia Kagan. Unsecured. Dotdash Meredith. 19 January 2022.
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