Learn How to Pronounce collateral
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How to pronounce:
collateral
Definition:
(nou) a security pledged for the repayment of a loan
Phonetic Transcription:
kəˈlætərəl
Examples:
The securities serve as collateral for the loan.
The maximum amount of the loan is determined by the collateral.
Here the underlying asset is used as collateral for the loan.
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