What is the meaning of the term 'collateral' in the context of the banking system? |
Collateral is an asset of the government that is used for the protection of consumers. Collateral is an asset that a borrower owns and uses this as a guarantee to a lender until the loan is repaid. Collateral is an asset that a borrower took as a loan. Collateral is an asset that the government provides to farmers. |
Collateral is an asset that a borrower owns and uses this as a guarantee to a lender until the loan is repaid. |