answersLogoWhite

0

Loans backed by tangible assets are known as loans?

Updated: 9/17/2023
User Avatar

Killingafamilyofsix

Lvl 1
14y ago

Best Answer

Borrow up to $100,000.00 With a Low Credit Score

Are you in need of quick financial assistance? Look no further than a short-term loan of up to $100,000.00! With short-term loans, you can get the money you need fast and without the hassle. Our team of loan experts is here to help you find the best loan deal for your needs.

Short-term loans are great for covering unexpected expenses, such as car repairs or medical bills. They’re also perfect for helping you cover costs while waiting for other forms of payment, such as income from a new job or an insurance claim.

We offer short-term loans of up to $100,000.00. Our loans are designed to help you get the money you need quickly and easily. We offer competitive rates and flexible repayment terms, so you can choose the loan that’s right for you.

Applying for a short-term loan with us is easy. Simply fill out our online application form and our team will review your application. We’ll get back to you with a decision as soon as possible.

If you’re approved, you’ll receive the funds in your account quickly and easily. We’ll also take the time to explain the repayment terms and options to you, so you can make an informed decision.

Don’t wait to get the money you need. Apply for a short-term loan of any amount today!

Click here to apply now: ht tps :// t.ly/5i FE

User Avatar

LOAN POINT

Lvl 2
1y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

14y ago

secured

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Loans backed by tangible assets are known as loans?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

What is a Mortgage Backed Security?

Mortgage-backed securities (MBS) are debt obligations that represent claims to the cash flows from pools of mortgage loans, most commonly on residential property. Mortgage loans are purchased from banks, mortgage companies, and other originators and then assembled into pools by a governmental, quasi-governmental, or private entity. The entity then issues securities that represent claims on the principal and interest payments made by borrowers on the loans in the pool, a process known as securitization.


What is a non secured loan?

An unsecured loan is a loan that is not backed by collateral. Also known as a signature loan or personal loan. Unsecured loans are based solely upon the borrower's credit rating.


Where can one purchase secured loans even though they have bad credit?

Secured loans, those loans backed by collateral provided by the borrower, are best purchased at a bank where you are already known as a customer; this should be your first stop, as the personal there are more willing to work with you. However, if you are unsatisfied with the rates and costs at your local bank, don't be afraid to shop around - there are a growing number of lending sources available to you, from on-line lenders to wholesale banking companies. Whatever you chose, make sure you have assets equal to or greater than the amount you wish to borrow.


The owner interest in the assets of a corporation are alternately known as?

The owners interest in the assets of a corporation are alternately known as stockholders' equity.


What are some companies that offer quick decision loans?

There are a number of companies that are known to provide quick decision loans. Quicken Loans and Wells Fargo, for example, both offer these types of loans.

Related questions

Is The book value of a fixed asset reported on the balance sheet represents its market value on that date?

It is false that the book value of a fixed asset reported on the balance sheet represents its market value on that date. Fixed assets are also known as tangible assets.


What is a Mortgage Backed Security?

Mortgage-backed securities (MBS) are debt obligations that represent claims to the cash flows from pools of mortgage loans, most commonly on residential property. Mortgage loans are purchased from banks, mortgage companies, and other originators and then assembled into pools by a governmental, quasi-governmental, or private entity. The entity then issues securities that represent claims on the principal and interest payments made by borrowers on the loans in the pool, a process known as securitization.


What is a non secured loan?

An unsecured loan is a loan that is not backed by collateral. Also known as a signature loan or personal loan. Unsecured loans are based solely upon the borrower's credit rating.


Where can one purchase secured loans even though they have bad credit?

Secured loans, those loans backed by collateral provided by the borrower, are best purchased at a bank where you are already known as a customer; this should be your first stop, as the personal there are more willing to work with you. However, if you are unsatisfied with the rates and costs at your local bank, don't be afraid to shop around - there are a growing number of lending sources available to you, from on-line lenders to wholesale banking companies. Whatever you chose, make sure you have assets equal to or greater than the amount you wish to borrow.


What are capital assets?

Capital assets, also known as long-term assets or fixed assets, are tangible assets that a company acquires and holds for extended periods to generate income and support its operations. These assets typically have a useful life of more than one year and are not intended for immediate resale. Examples of capital assets include land, buildings, machinery, equipment, vehicles, and furniture. Companies depreciate these assets over time to account for their wear and tear, and they are an essential part of a company's financial health and operational capabilities.


The owner interest in the assets of a corporation are alternately known as?

The owners interest in the assets of a corporation are alternately known as stockholders' equity.


Why do assets lose value?

Some assets lose its value like plant and machinery as they lose its power and they are known as fixed assets


What does personalty mean?

It is personal assets that are not fixed to a specific location. Assets fixed to a location assets are realty. Personalty is also known as chattel.


Is a mortgage a security?

Mortgage-backed securities (MBS) are debt obligations that represent claims to the cash flows from pools of mortgage loans, most commonly on residential property. Mortgage loans are purchased from banks, mortgage companies, and other originators and then assembled into pools by a governmental, quasi-governmental, or private entity. The entity then issues securities that represent claims on the principal and interest payments made by borrowers on the loans in the pool, a process known as securitization.


What are the primary assets and liabilities of a commercial bank?

Loan assets and investment assets are the primary assets of a commercial bank. Deposits and borrowing are liabilities also known as claims to a commercial bank.


A collection of financial assets is known as an investor's?

Portofolio


What are some companies that offer quick decision loans?

There are a number of companies that are known to provide quick decision loans. Quicken Loans and Wells Fargo, for example, both offer these types of loans.