0

Subjects>Business>Finance

What is colleteral?

Anonymous

∙ 11y ago

Updated: 9/16/2023

Collateral is the property a borrower pledges to a lender in a loan. This property secures the lender's interest. A house is the collateral on a mortgage loan.

Wiki User

∙ 11y ago

What else can I help you with?

Continue Learning about Finance

Can you pledge a Roth IRA as collateral?

You cannot use your roth IRA as colleteral. The pledge will result in a "constructive distribution" of the amount pledged, and the earnings component of the amount pledged will be taxable to you at the time of the pledge.

Related Questions

Can you pledge a Roth IRA as collateral?

You cannot use your roth IRA as colleteral. The pledge will result in a "constructive distribution" of the amount pledged, and the earnings component of the amount pledged will be taxable to you at the time of the pledge.

Trending Questions

What are the different policies offered by the insurance company? River Forest State Bank Trust Co? Statutory protection given to paying banker? How easy is it to get home equity loans with adverse credit? What are the key differences between term life insurance and mortgage insurance? How can one get a consolidation student loan? What Bank of America's Mission Statement? Is Shearson Financial Network inc still on the market? What degree Earns 100000.00 at graduation? If your mortgage company is trying to have the automatic stay lifted for non-payment can you dismiss the ch 13 and go into ch 7 but still keep the house by then filing ch 13 again? What is the market cap for Itau Unibanco Banco Holding SA ITUB? What is financial risk management? What do you do with a dateless 20p? If a deed in lieu of foreclosure is done can the lender come after you for any amount left owing? How can one effectively cover a short position in trading? How can I protect myself from falling victim to visa gift card fraud or scams? How might countries benefit from interdependence? What are the requirements for obtaining unsecured auto loans? Did Ford own Citibank? How can I obtain a 1099-NEC form?

Resources

Top Categories

Product

Company

Copyright ©2025 Answers.com. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.