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Meanong of pledge loan facility?
A Pledge loan facility is a fundamental facility intended to provide finance to Paddy Millers and Paddy Wholesale dealers to have them purchase adequate stocks during the harvesting season.
What is salary loan?
A salary loan refers to an advance payment you receive and pledge your salary as security. The loan is normally serviced through your monthly salary.
Can a bank or credit union change an unsecured loan to a secured loan without your permission?
No. You would need to pledge some security.
Can you apply for a mortgage on property you have no title to?
No. You would have no standing to pledge property you don't own to obtain a loan.
What is the difference between collateral and pledge in the following sentence. Secured bonds are backed by a pledge of collateral?
There is not much difference between collateral and pledge. If you put something up as collateral, if you fail to pay the loan, the item that you pledged will be taken. Either word can be used.
What is the difference between collateral and pledge?
There is not much difference between collateral and pledge. If you put something up as collateral, if you fail to pay the loan, the item that you pledged will be taken. Either word can be used.
What does pledge mean?
to promise something, " i pledge to keep milford clean" It means and is defined as the promise or commitment to something, such as a Pledge of Allegiance, a commitment to allegiance, or a promise to take responsibility for ones nation. A pledge can also be an agreement, such as a "pledge to compromise"
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 is the difference between a secured loan and a unsecured loan?
A secured loan is a loan where you have to provide some form of collateral. An unsecured loan is where you do not but the interest is very high and typically is not provided by legitimate financial institutions.
Why do banks only lend money when you have assets that are as valuable as the loan?
Usually banks do not expect you to pledge assets that equal the value of the loan if you have a good job and earning capacity and a good credit history. However, they may ask you to pledge assets in case your job is unstable or your credit history is bad. This is because, the bank would need some kind of assurance that, even if you stop earning or repaying your loan, they have some means of recovering the money they are going to lend you as part of the loan.
What are the imp mode of creating charge on secured loan advances?
Lien, Pledge, Hypothecation and Mortgage are the four main modes of creating security....
What does an 18 yr old need to take out a loan?
Either: 1) A co-signer with excellent credit and the capacity to repay the loan should the 18 year old fail to do so -OR- 2) Cash collateral (someone who will pledge a CD in the amount of the requested loan as collateral)
