0
to me the disadvantages is that the person you gave money to may not pay back
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What is one advantage and one disadvantage of a bank?
Advantage - You can use your account for online bill pay. Disadvantage- The bank charges you Atm fee when you have to get money from another machine.
What is one advantage and one disadvantage of buying from mail-order catalogs?
One advantage to purchasing from a catalog is the fact that you didn't have to go out. A disadvantage is the fact that you have to pay shipping costs.
Advantages of development bank?
One of the advantages of the development bank is that it provides long term and short term loans. The other advantage is that guarantees to the third parties the money lender or merchant on behalf of the client.
What are the advanges and disadvanges of individual lending?
Individual lending can involve all types of lending. It normally has the advantage that the parties know each other and the loans can be processed without going through a bank's bureaucracy. Sometimes the interest rate does not need to be within government guidelines or exactly fit bureaucratic rules. The disadvantage to the lender is that if the borrower goes broke or runs away and has a lot of the lenders money, the lender can be severely hurt financially. One bad loan does not generally hurt a bank. It can hurt an individual. The disadvantage to the borrower is that the lender is not honest, he might use mafia techniques and go beyond legal tactics to collect his money. It will not matter if the borrower is bankrupt. He will still need to repay the loan or get his legs broken and a whole lot of other damage done until he does.
Where can you find out about borrowing money?
There are multiple places one can find out about borrowing money. It depends if one is attempting to research borrowing money from a bank, a money lender, or another source. If borrowing from a bank, then it makes sense to go straight to the bank for the information. The same goes for a money lender.
What is one advantage and one disadvantage of a bank?
Advantage - You can use your account for online bill pay. Disadvantage- The bank charges you Atm fee when you have to get money from another machine.
What was one advantage and one disadvantage of Lowell mill work?
An advantage is you get paid. A disadvantage is you can get your hair stuck in a machine.
List one advantage and disadvantage of managing your money through a bank?
advanage is safe investment and disadv is less returns
What are the disadvantage and disadvantage of directing?
One advantage is that you pay with cash but you have to have the Exact amount
Mention any one advantage and disadvantage of friction from your daily life?
Advantage-we can write. Disadvantage- hard to move objects
What is another term of Advantage and disadvantage?
The difference between and advantage and a disadvantage can be very significant. An advantage means you have the upper hand in a situation usually only one person can have a particular advantage. A disadvantage can be an obstacle that more than one person can have at the same time.
What is the advantage and disadvantage of one's and two's complement?
no
What are the advantage and disadvantage of negotiation?
An advantage of negotiating is the ability to get what you want out of the negotiations. One disadvantage is giving up something you may have wanted.
What are the advantage and disadvantage of the transportation?
One advantage of using transportation is that is quick. One disadvantage of using transportation is that it is expensive.
What is one advantage and one disadvantage of buying from mail-order catalogs?
One advantage to purchasing from a catalog is the fact that you didn't have to go out. A disadvantage is the fact that you have to pay shipping costs.
Advantage and disadvantage of partnership?
One advantage of a partnership is being able to share the cost. One disadvantage is having to make sure the other person is okay with your ideas.
What is the advantage and disadvantage of computer generated imagery?
One advantage of using computer generated imagery is that it can be duplicated easily. One disadvantage is that it isn't really an image to hold onto.
