Unless the Trust was created after the age of concent by mutual consent, it would have been pledged by your parents/informants
There is not much difference between collateral and pledge. If you put something up as collateral, if you fail to pay the loan, the item that you pledged will be taken. Either word can be used.
You cannot use your roth IRA as colleteral. The pledge will result in a "constructive distribution" of the amount pledged, and the earnings component of the amount pledged will be taxable to you at the time of the pledge.
A mortgage is is used to secure real estate pledged as collateral for a loan.A mortgage is is used to secure real estate pledged as collateral for a loan.A mortgage is is used to secure real estate pledged as collateral for a loan.A mortgage is is used to secure real estate pledged as collateral for a loan.
Either: 1) A co-signer with excellent credit and the capacity to repay the loan should the 18 year old fail to do so -OR- 2) Cash collateral (someone who will pledge a CD in the amount of the requested loan as collateral)
Yes, they do. You have to open a Certificate of Deposit and pledge it as collateral. The limit on the credit card is equal to the amount of the CD you open.
There is not much difference between collateral and pledge. If you put something up as collateral, if you fail to pay the loan, the item that you pledged will be taken. Either word can be used.
There is not much difference between collateral and pledge. If you put something up as collateral, if you fail to pay the loan, the item that you pledged will be taken. Either word can be used.
You cannot use your roth IRA as colleteral. The pledge will result in a "constructive distribution" of the amount pledged, and the earnings component of the amount pledged will be taxable to you at the time of the pledge.
A mortgage is is used to secure real estate pledged as collateral for a loan.A mortgage is is used to secure real estate pledged as collateral for a loan.A mortgage is is used to secure real estate pledged as collateral for a loan.A mortgage is is used to secure real estate pledged as collateral for a loan.
Hypothecation is where a borrower pledges collateral to secure a debt. The borrower retains ownership of the collateral, but is hypothetcally controlled by a creditor that has the right to seize possession if the borrower defaults. A example of this is when someone enters into a mortgage agreement, which the consumer's house becomes collateral until the mortgage loan is paid off.
The pledge is... I pledge my head to clearer thinking, my heart to greater loyalty, my hands to larger service and my health to better living, for my club, my community, my country, and my world.
An asset that a borrower transfers to the possession of a lender as collateral for a loan. The borrower maintains ownership and all associated rights of the pledged asset. When the loan is repaid, the lender transfers possession back to the borrower. The pledged asset reduces the risk to the lender that the borrower will default, therefore possibly qualifying the borrower for some benefit, such as a lower interest rate. When buying a house, some mortgage borrowers will pledge an asset, such as stock, to the lend
Yes, they do. You have to open a Certificate of Deposit and pledge it as collateral. The limit on the credit card is equal to the amount of the CD you open.
Either: 1) A co-signer with excellent credit and the capacity to repay the loan should the 18 year old fail to do so -OR- 2) Cash collateral (someone who will pledge a CD in the amount of the requested loan as collateral)
I'm not certain why any sane person would believe or even repeat this. Which may explain why it has been asked.
Yes, they do. You have to open a Certificate of Deposit and pledge it as collateral. The limit on the credit card is equal to the amount of the CD you open.
It depends on various factors like:Your history with the bankYour monthly salaryPresence of Collateral (Like gold or fixed deposits or securities)Usually it is 2 times of your monthly salary if yours is a salary account or 80-90% of the value of the collateral you pledge against your overdraft account.