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Which term is defined as property that is pledged as security on a loan?
Wiki User
∙ 14y ago
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.
Ajayi Benjamin
Wiki User
∙ 14y agoCollateral
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What something of value pledged as security for a loan?
Collateral
What is meant by the term security when obtaining financing?
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.
What is collateral loan market?
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
What is used to pledge real property 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.A mortgage is is used to secure real estate pledged as collateral for a loan.
When a portion of inventories has been pledged as security on a loan?
the fact should be disclosed(notes) but the amount of current assets should not be affected
What is pledge loan?
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.
What something of value pledged as security for a loan?
Collateral
What is meant by the term security when obtaining financing?
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.
How do you spell colateral?
The correct spelling is "collateral" (additional or unintended, or property pledged for a loan).
What is collateral loan market?
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
What is used to pledge real property 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.A mortgage is is used to secure real estate pledged as collateral for a loan.
What is loan against property?
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
When a portion of inventories has been pledged as security on a loan?
the fact should be disclosed(notes) but the amount of current assets should not be affected
Is a loan the same thing as rent?
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.
Can you get a home equity loan on your rental property?
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.
Can banks collect on a customers Death Life insur they had on loans?
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.
When you cosign for a loan on real estate does your name go on the title of the property?
Only if you're going to be one of the owners. A simple guarantor may have committed other collateral, and the lender would have you sign a separate security agreement naming the property being pledged.
