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Collateral, well for me it is what could place an equal but opposite return to to what i am giving as load. What if your organ could be taken as collateral? Just have the loan before borrowing.
Collateral
Security indicates something of value that is pledged against the loan. Pawn shops take valuables and loan money against them. The item is held as security or collateral for the loan. If the loan is not repaid, the pawn shop will sell the item to get their money back. When buying a car or a house, the vehicle or property usually stands as the security for the loan. If the loan is not paid, the loan company will take the vehicle or foreclose on the property so that they can sell it and get their money back.
loan is a loan on a promissory note secured byMarket where short term loans secured by a asset that pledged as security for repayment of a loan
A mortgage is is used to secure real estate pledged as collateral for a loan.A mortgage is is used to secure real estate pledged as collateral for a loan.A mortgage is is used to secure real estate pledged as collateral for a loan.A mortgage is is used to secure real estate pledged as collateral for a loan.
Collateral, well for me it is what could place an equal but opposite return to to what i am giving as load. What if your organ could be taken as collateral? Just have the loan before borrowing.
pledged loan -- A mortgage loan that has been identified and set aside as security for borrowing by the holder of the mortgage; particularly a loan that has been pledged as security for an advance from a Federal Home Loan Bank.
Collateral
Security indicates something of value that is pledged against the loan. Pawn shops take valuables and loan money against them. The item is held as security or collateral for the loan. If the loan is not repaid, the pawn shop will sell the item to get their money back. When buying a car or a house, the vehicle or property usually stands as the security for the loan. If the loan is not paid, the loan company will take the vehicle or foreclose on the property so that they can sell it and get their money back.
The correct spelling is "collateral" (additional or unintended, or property pledged for a loan).
loan is a loan on a promissory note secured byMarket where short term loans secured by a asset that pledged as security for repayment of a loan
A mortgage is is used to secure real estate pledged as collateral for a loan.A mortgage is is used to secure real estate pledged as collateral for a loan.A mortgage is is used to secure real estate pledged as collateral for a loan.A mortgage is is used to secure real estate pledged as collateral for a loan.
Putting a current property up for security for a new loan. That way if you default on a payment the bank can reposess the property
the fact should be disclosed(notes) but the amount of current assets should not be affected
Of course not. A loan is not a payment, but rather an entrusting of another person with your property (or money), expecting it to be returned. Rent is simply a payment in exchange for possession of something for some defined period, and it will not be returned. Similarly, a security deposit for renting property is not a loan and is not rent: it remains the property of the tenant, but is held by the landlord until the tenancy is discharged.
If you are renting the property from someone else and do not own it, no, because a home equity loan is like a mortgage. The lender has a lien on the property if you default on the loan. If you are the owner of a property and rent it out, yes you should be able to get a loan with the property as security.
YES - if the loan account holder had pledged the insurance policy as a collateral/security for his loan. NO - if the insurance policy wasn't pledged as collateral. But, it is the obligation of the family members/legal heir of the deceased to complete the loan formalities and pay back all dues to the bank in case of the unfortunate demise of a loan account holder.