what is collateral?

collateral is an asset that the borrower owns(such as land,building,etc)and uses this as a guarantee to a lender until the loan is repaid.....if the borrower fails to pay back the money then the lender has the right to sell the asset or collateral to obtain the payment.....,

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good answer

Addition to interest lenders main demand Collateral (security again loans.) Collateral is an asset that the borrower owns (such as land, building, vehicle, livestock, deposits with banks etc..) 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 collateral to obtain payment. some example of collateral used for borrowing are land titles, deposits with banks, livestocks, etc..

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thanks for good answer sai kiran

something pledged as security for repayment of a loan, to be forfeited in the event of a default.

Collateral is basically a asset own by a borrower and uses it as a gaurantee to a lender and give assureance of repayment 

Colateral is an asset owned by a borrower and he uses it as a guarantee to the lender and borrow money for its need

I have already answered before read it

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Yo Yo

Collateral is an asset that the borrower Owns(such as land,building, vehicle, Livestock,Etc) 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 right to sell the asset or collateral to obtain payment.

Collateral are things which the borrower give to the lander as a guarantee until the loan is paid

shut up
 

COLLATERAL IS THE SITUATION IN WHICH FIRST WE TAKE LOANS FROM BANKS THEN WE HAVE TO REPAY THE BANK AMOUNT

collateral is an asset that the borrower owns(such as land,buliding,etc) and uses this as a gaurantee to a lender until the loan is repaid.....if the borrower falis to pay back the money then the lender has the right to sell the asset or collateral to obtain payment.