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प्रश्न
Which one of the following is the appropriate meaning of collateral?
विकल्प
It is the sum total of money borrowed from banks.
The amount borrowed from friends.
It is an asset of the borrower used as guarantee to a lender.
The amount invested in a business.
It is the amount of money borrowed from banks.
उत्तर
It is an asset of the borrower used as a guarantee to a lender.
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