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Banking Term: Collateral Security

Find important banking term that is useful in upcoming banking exam.

Mar 12, 2015 14:36 IST
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Banking Term: Collateral Security

  • Collateral Security is a second security (in additions to the personal surety of the borrower) for a loan.
  • Banks loan, other than personal loans, are normally made against the security of stocks and shares, property or insurance policies.

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