Business GCSE
Collateral
What Collateral means in Business GCSE, as defined for OCR.
Definition of Collateral
An asset (like property) that a borrower offers to a lender to secure a loan.
Topics that use Collateral
- Sources of finance (OCR GCSE)
Related terms
Using Collateral in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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