Mortgage
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 January 2015
what is colletaral securities?
31 January 2015
Collateral security means Property or other assets that a borrower offers a lender to secure a loan. If the borrower stops making the promised loan payments, the lender can seize the collateral security to recoup its losses. Because collateral offers some security to the lender in case the borrower fails to pay back the loan.
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 January 2015
thank you!!!!!!!!!!!!!!!!!!
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