What does the word 'collateral' mean in the passage?

Created: 8 months ago | Updated: 3 months ago
Job Solution Rupali Bank Ltd Rupali Bank Ltd. || Officer (Cash) (28-04-2018) || 2018 English
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Collateral is something that we promise to give someone if we can not pay back loan. Besides, it indicates property pledged by a borrower to protect the interest of the lender.

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