Collateral is a valuable asset (like a car, house or even cash) you can pledge to secure a loan. If you fail to repay your loan, the lender can seize whatever you've put up as collateral. Financial ...
Putting up collateral, like a house, car or savings, can help you qualify for a loan and get better rates. If you default, the lender can seize and sell the asset to recover what you owe. Secured ...
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