When it comes to purchasing goods or services, buyers often require some assurance that they will receive what they are paying for. This is where collateral comes into play. Collateral is any asset or property that a buyer can offer as security to ensure payment or fulfillment of their obligations.…

Collateral protection insurance (CPI) is an insurance policy that lenders use to protect their interests in the event that a borrower defaults on a loan. This type of insurance is typically required when a borrower is unable to provide adequate collateral to secure a loan. CPI provides coverage for the…