Something pledged as a security for repa

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Target Exam

CUET

Subject

Entrepreneurship

Chapter

Entrepreneurial Planning

Question:

Something pledged as a security for repayment of loan is known as ________________.

Options:

Asset

Liabilities

Collateral

Collaboration

Correct Answer:

Collateral

Explanation:

Something pledged as a security for repayment of loan is known as Collateral.