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What else can I help you with?
Who holds the collateral in a loan with collateral?
Normally, unless it is a sort of pawnshop or personal type of loan, you the borrower hold the collateral. For example, if you get a loan on a vehicle, you have possession of the vehicle as long as you are making payments as agreed. If you stop making the payments, the one to whom you owe the money (the lien holder) can take possession of the vehicle, sell it, and you would be responsible to pay the difference between what it is sold for and the amount you still owe, if there is a difference.
What is the difference between a primary credit card holder and a secondary holder CV Code?
hey
Can banks collect on a customers Death Life insur they had on loans?
YES - if the loan account holder had pledged the insurance policy as a collateral/security for his loan. NO - if the insurance policy wasn't pledged as collateral. But, it is the obligation of the family members/legal heir of the deceased to complete the loan formalities and pay back all dues to the bank in case of the unfortunate demise of a loan account holder.
What is the difference between a degree and a diploma holder for Logistic industry in Singapore?
Not a big difference for me..Diploma holder studies three years in engineering.Degree holder studies four years.... By knowledge diplome holder equally competent after started working in plants
What is the difference between a stockholder and a shareholder?
There is no difference between share holder and stock holders as these both are different names for same thing.
Is it fraud if you sell something that is collateral?
Collateral meaning there is a lien or chattel against the object, then the answer is yes IF YOU DONT INFORM THE BUYER, and get approval from the lien-holder.
What is difference between primary and secondary card holder?
The major difference is that the Primary Account holder is responsible for all the amounts due on both the Primary Card and the Secondary Card.
Can you sell a car that you used a collateral?
No. If you use a vehicle as collateral on a loan or something of that nature, the car actually becomes property of the lien holder (person to which is holding it as collateral), and cannot be sold unless the loan is cleared up.
Can a lien holder turn the lien over anyone els?
Yes they can ... it is selling collateral for capitol
What is the difference between a hemostat and needle holders?
Needle holder is similar to hemostat, the main different is at the jaw area where needle holder is smaller and thicker compared to heamostat.
Difference between internal and external stock holders?
internal holder is within while the external is outside
Why do you need zero in your number system?
As a place holder. So that you can tell the difference between 101 and 11.
