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Quote-a-Day Gifts
It is important to teach kids about money. Each day presents an entry from websites, books and quotes about teaching kids through college age about money and finances.

Kids and Money

June 27, 2017
PrintedOwl.com
What is collateral? When you apply to borrow money, collateral is something you give the bank as security for the loan. If you do not pay back the loan, the bank will be able to sell the item. If you are applying for a car loan, the bank will keep the car title until the loan is paid off.
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