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In-s [12.5K]
3 years ago
7

What is a collateral

Business
2 answers:
Vlad [161]3 years ago
7 0

NOUN

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

ADJECTIVE

additional but subordinate; secondary.

True [87]3 years ago
4 0

Answer:

Security for the repayment of the loan.

Explanation:

Collateral is simply called the security that is held by the lender to the person who takes the loan for they risk free payment of the loan back. In simple words, we can say that a collateral is something which is held as a guarantee by the lender till the payment of loan that he gave to an individual or the company. For example people usually put their Houses, plots, shops, their jewelry,  etc, as a collateral in order to get loan from banks or other financial institutions. This collateral servers as a guarantee from the person who is taking the loan. If the person fails to give back the loan, the bank or financial institution will be liable to sell this collateral and get their loan back.

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Cerrena [4.2K]

Answer:

correct option is d. accommodative

Explanation:

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4 0
4 years ago
You should always read the fine print before signing a contract.
Bess [88]
I would say yes, because a person would want to know fully what they are getting into.  
6 0
3 years ago
Read 2 more answers
By definition, imports are Group of answer choices people who work in foreign countries. limits placed on the quantity of goods
Naddik [55]

Answer:

goods produced abroad and sold domestically.

Explanation:

Exports are goods produced in the domestic economy and sold abroad.

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I hope my answer helps you

5 0
3 years ago
If a​ firm's average total cost is less than price where MR​ = MC,
bekas [8.4K]

Answer:

C. the firm should produce if its price exceeds average variable cost.

Explanation:

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3 years ago
4. The ____ condition requires that only one of the selected criteria be true for a record to be displayed.
musickatia [10]

Answer:

OR

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