Question
Collateral is: security for a loan the amount of the loan the value of your home the interest rate
Solution
4
(174 Votes)
Aliyah
Master ยท Tutor for 5 years
Answer
Collateral is security for a loan. It refers to an asset that a borrower offers to a lender as a way to secure the loan. If the borrower fails to repay the loan, the lender has the right to seize the collateral to recover the owed amount.