What is the 'collateral' demand that lenders make against loans?

Vehicle of the borrower

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Building of the borrower

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Both (a) and (b)

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None of these

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Solution

The correct option is
C. Both (a) and (b)
Lenders demand any assets of the borrower as a collateral security.

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Similar questions

What is the 'collateral' demand that lenders often make against loans?

Creditworthiness is an assessment by any lender or seller to ensure that the borrower or buyer pay on time.

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