What is collateral, and why is it used?

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Financial Management for Public Health and Not for Profit Organizations

ISBN: 978-0132805667

4th edition

Authors: Steven A. Finkler, Thad Calabrese

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Question Posted: Dec 19, 2014 12:08 PM

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What is collateral, and why is it used?

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Collateral is a specific asset that the lender will be able to take possession of if the borro...View the full answer

Financial Management for Public Health and Not for Profit Organizations

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