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Colleteral security

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(Querist)
17 November 2013 What is the exact meaning of collateral security.Can any one explain with example.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
18 November 2013 collateral security refers to tangible assets pledged with the lenders for securing loans.
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CA Ravi Kumar

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CA Ravi Kumar (Expert)
18 November 2013 Agree with Nikhil Kaushik




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