Challenger App

No.1 PSC Learning App

1M+ Downloads
Collateral security means

AAsset as security

BAdvance against supply bills

CGoods pledged to the bank

DShares and debentures

Answer:

A. Asset as security

Read Explanation:

CCollateral security is an asset pledged to a lender to secure a loan. It can be sold if the borrower defaults.


Related Questions:

Which one of the following is not related to Milma?
Which reform most directly led to the creation of the present Kerala State Co‑operative Bank (KSCB) as a unified apex bank?
Best method of depreciation applicable to wasting assets is method.
S.C.W.S stands for
---- is a financial transaction application that runs on any connected device and stores payment information and passwords in the cloud.