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प्रश्न
State whether the following statement is True (T) or False (F):
A collateral security is a subsidiary security.
चूक किंवा बरोबर
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उत्तर
This statement is true.
Explanation:
Collateral security is additional or secondary security deposited with a lender to secure a loan, in addition to the primary asset. If the company fails to repay the loan and the primary security proves insufficient, the lender can realise the amount using this subsidiary asset.
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