0
You cannot use check's are collateral. Either cash or bank deposit receipts or property can be used as collateral. Usually check's have a validity period of 6 months after which they are useless. So banks would not accept them as collateral
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
What can be offered as collateral for commercial lending?
"Commercial loans typically use commercial real estate as collateral. A business could offer land, buildings, company vehicles, or equipment as collateral on their loan."
What does the concept of secured debt mean in finance?
Secured debt is a debt that is guaranteed by the use of collateral. If the debt is not repaid, the creditor has the right to take the collateral from the borrower.
What is a collateral bond?
"What is a collateral bond?"
What kind of collateral is used for a personal loan?
It depends on the type of personal loan. It is possible to get a loan using only a good credit score as collateral. If you do not have good credit, it is still possible to get a loan without collateral, but you can expect to pay a much higher interest rate. It is also possible to use a vehicle or property as collateral.
Where can I gert a loan using my car as collateral?
I dont have great credit & need a loan bad I have a 2004 Chevy Venture Van paid for that i can use for collateral where can I go to get a loan?
Can an employee use their ESOP stock as collateral to start their own business?
There is a way that someone can you an ESOP to start their own business. It's not in the form of collateral though. Check out this site for the details. http://www.borsaplan.com/
How do you use the word collateral in a sentence?
The bank required me to provide collateral, such as my car, in order to secure the loan.
In a payday loan what is considered collateral?
Post dated check.
Can you use a vehicle for collateral?
YES YOU CAN
Can you use your car as collateral for a loan?
Yes, your car can be used a collateral but it is up to the lender.Yes, your car can be used a collateral but it is up to the lender.Yes, your car can be used a collateral but it is up to the lender.Yes, your car can be used a collateral but it is up to the lender.
How can you use the word collateral in a sentence?
I asked my mother if she can loan me her fan, she agreed and took my laptop for collateral.
Can you use farm land as collateral?
yes
Is it illegal to use a financed vehicle as collateral on a loan?
It is not illegal to use a financed vehicle as collateral for another loan, but it's important to check your financing agreement to ensure there are no restrictions. Additionally, defaulting on the new loan could put your vehicle at risk of repossession by the lender.
What do Economists use price index to remove?
Collateral
What can be offered as collateral for commercial lending?
"Commercial loans typically use commercial real estate as collateral. A business could offer land, buildings, company vehicles, or equipment as collateral on their loan."
How do you finance a vehicle engine?
Personnel loan or by using something else as collateral. You cannot borrow money and use an engine as collateral.
Can you take out a used auto loan and use the 'to be purchased' used auto as collateral for the loan?
In most areas yes, it is called collateral.
