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प्रश्न
Which one of the following is the appropriate meaning of collateral?
पर्याय
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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संबंधित प्रश्न
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(A) The money spent on religious ceremonies
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(C) The money spent to buy assets such as land
(D) The money spent on household goods
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Explain with examples how people are involved with the banks.
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