netflyx
netflyx netflyx
  • 03-05-2019
  • History
contestada

What is collateral?

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ahmedali54aa50
ahmedali54aa50 ahmedali54aa50
  • 03-05-2019

Answer:

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

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millermoldwarp
millermoldwarp millermoldwarp
  • 26-06-2019

Answer:  The correct answer is :  The guarantee is a loan insurance in case the person to whom it is lent fails to pay or becomes bankrupt. If this happens, the person who loaned the money has the legal right to confiscate the asset and can decide whether to keep it or sell it. The most used guarantee is the mortgage on the house

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