0
Collateral refers to an asset that a borrower offers to a lender as security for a loan. If the borrower fails to repay the loan, the lender has the right to seize the collateral to recover their losses. Common forms of collateral include real estate, vehicles, and financial assets. This arrangement reduces the lender's risk and can often result in better loan terms for the borrower.
What else can I help you with?
Trending Questions
What rights are read to a Canadian upon arrest?
What is free title means?
After estate has no funds left what does the probate attorney do with rest of bills?
Can the Sheriff arrest you for simply not being able to locate your vehicle?
Did Dakota Goad's mom Kim Thompson get a restraining order on his dad?
Does The constitution gives congress the power to recognize other nationsand to accept ambassadors from foreign countries?
Should you begin a right turn in the lane nearest to the right curb?
Is it right for a 21 year old guy to date his own 18 year old girl cousin?
What are the limits to private property rights?
What theory states that a nation could increase its wealth and power by obtaining as much gold and silver as possible?
What happen when one file for chapter 11 bankruptcy?
If you had to take disciplinary action against an employee how specifically would you do it?
What is wma?
Was The Bill of Rights long-term or short-term cause?
Did the Virginia Plan appeal to large states or small states?
What happens if a surviving step-mother refuses to give assets to the children of the deceased as decreed in the deceased's will?
Can a person get in trouble for installing a interlock ignition device in their car for another person convicted of DUI so the actual DUIer never has to drive that car but its on record as installed?
What did the nanahuatzin and tecuciztecatl agree to do?
What is an OVI arrest?
What does it mean having a guilty plea-non-negotiated?
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.