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Loan against Securities is a type of loan where securities like shares, Mutual Funds, term deposits, NSC certificates, etc. are used as collateral. While some banks might require your securities to be liquidated, others give you the option of taking a loan without liquidating your investments.
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What does Convertible Loan Stock mean?
Common or preferred stock shares that are used as collateral to secure a loan from another party. The loan will earn a fixed interest rate, much like a standard loan, and can be secured or unsecured. A secured loan stock may also be called a convertible loan stock if the loan stock can be directly converted to common shares under specified conditions and with a pre-determined conversion rate, as with an irredeemable convertible unsecured loan stock(ICULS).
What are the different types of bank loans?
Numerous types of bank loans are available for customers. Some of them are: a. Home loan b. Car loan c. Two-wheeler loan d. Automobile loan (For commercial vehicles like vans, trucks etc) e. Personal loan f. Mortgage loans g. Gold loan h. Loan against shares i. Educational loan j. Etc
What are the loan facilities in a formal bank?
Banks offer the following types of loans:Personal LoansCar/Automobile LoansHome/Mortgage LoansLoan against goldLoan against Securities (shares, mutual funds etc.)Home Renovation LoansEducation LoansIndustrial Loansetc.
How many types of loans are given by sbi?
SBI offers many different types of loans. Some are: a. Home loan b. Car loan c. Two-wheeler loan d. Automobile loan (For commercial vehicles like vans, trucks etc) e. Personal loan f. Mortgage loans g. Gold loan h. Loan against shares i. Educational loan j. Etc SBI is the largest bank in the country and they offer almost every kind of loan that you can possibly think of.
What underlying shares for securities mean?
It means shares of a stock (security).
What does Convertible Loan Stock mean?
Common or preferred stock shares that are used as collateral to secure a loan from another party. The loan will earn a fixed interest rate, much like a standard loan, and can be secured or unsecured. A secured loan stock may also be called a convertible loan stock if the loan stock can be directly converted to common shares under specified conditions and with a pre-determined conversion rate, as with an irredeemable convertible unsecured loan stock(ICULS).
What are different types of bank loan?
Numerous types of bank loans are available for customers. Some of them are: a. Home loan b. Car loan c. Two-wheeler loan d. Automobile loan (For commercial vehicles like vans, trucks etc) e. Personal loan f. Mortgage loans g. Gold loan h. Loan against shares i. Educational loan j. Etc
What is the accounting entry for booking pledged shares of a company in exchange for a loan?
The bookkeeping entry is just a loan entry: Debit Cash and Credit Loan Payable. The shares are simply used as collateral or security on the loan. This pledge would be disclosed in a footnote to the financial statement.
What are the different types of bank loans?
Numerous types of bank loans are available for customers. Some of them are: a. Home loan b. Car loan c. Two-wheeler loan d. Automobile loan (For commercial vehicles like vans, trucks etc) e. Personal loan f. Mortgage loans g. Gold loan h. Loan against shares i. Educational loan j. Etc
Does a person who shares the title on a car but who is not on the loan have any legal responsibilities if the car is repossessed?
NONE on the loan.
What is financing activities?
Issues of shares, repayment of loan, sale of an investment.
What are the loan facilities in a formal bank?
Banks offer the following types of loans:Personal LoansCar/Automobile LoansHome/Mortgage LoansLoan against goldLoan against Securities (shares, mutual funds etc.)Home Renovation LoansEducation LoansIndustrial Loansetc.
What is a loan against securities?
Loan against securities is a loan that a customer can avail by pledging his or her investments in favour of the lender. This loan can be availed without selling your investments.
How many types of loans are given by sbi?
SBI offers many different types of loans. Some are: a. Home loan b. Car loan c. Two-wheeler loan d. Automobile loan (For commercial vehicles like vans, trucks etc) e. Personal loan f. Mortgage loans g. Gold loan h. Loan against shares i. Educational loan j. Etc SBI is the largest bank in the country and they offer almost every kind of loan that you can possibly think of.
What are the 7 current liabilities?
Equity shares, debenture, secured loan, non secured loan, borrowings, reserves , retained earnings
What do you mean by valuation of shares?
what do you understand by valuation of shares
What are the 7 non current liabilities?
Equity shares, debenture, secured loan, non secured loan, borrowings, reserves , retained earnings
