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Day: July 3, 2019

What are collateral? (relative to a loan)What are collateral? (relative to a loan)

The term collateral can occur in all variations, but especially it is used in banking. For example, a bank requires collateral before lending to ensure that the loan is secure. Those who can not provide such collateral will usually be denied for the loan. What collateral is meant for lending? In general, the bank earns […]