A lien is a right to retain property till the debt is repaid. It is a legal claim on the securities which come in to the banker's hands in the ordinary course of business.
Lien meaning to retain the property of debtor in case of debt
Antonyms of the adjective collateral are:chiefdifferentdissimilarimportantindependentmajornecessarymainprimaryAntonyms of the noun collateral are:breakuncertainty
The word collateral in business is that the bank has rights to take away your collateral or something that you put in stock that you own. For example, John owns a farm and he took a loan. The problem is that he didn't deposit his loan in the bank back, so the bank took his collateral that he put in the bank if he didn't pay his loan back. So that is why the bank has John's farm. So I prefer that if you take a loan, then pay your loan back. Or else your collateral is bye-bye.
complementary, secondary, corresponding, parallel
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/
a 250-acre farm
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.
A cross collateral lien is a loan where one piece of collateral secures more than one loan. An example would be a car that is paid off being collateral on 2 separate personal, cash loans.
Yes they can ... it is selling collateral for capitol
Researching how cross collateral agreements affect our lien we have an asset to or for the investor we are servicing.
If the vehicle was put as collateral for the loan, there already is a lien on it.
Yes, if you default on a personal loan with a vehicle as collateral, Citifinancial may place a lien on your home to secure the debt. This would allow them to pursue a foreclosure on your property if the debt remains unpaid. It's important to consult with a legal professional to fully understand your rights and options in this situation.
Yes. The lien created by using your home as security for a loan is called a mortgage.
A small loan company may use your title as collateral for the loan but the loan is relatively small. A bigger institution would not accept your vehicle as collateral because of the lien to another agency.
If you take out a loan from the bank and put your car up as collateral, this is a consensual lien. If you owe taxes and the IRS put a lien on your property or bank account, this is a non-consensual lien.
you owe somebody money and your car was used as collateral
If you take out a loan from the bank and put your car up as collateral, this is a consensual lien. If you owe taxes and the IRS put a lien on your property or bank account, this is a non-consensual lien.
If ya used it as collateral.