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What is the opposite of collateral?
Antonyms of the adjective collateral are:chiefdifferentdissimilarimportantindependentmajornecessarymainprimaryAntonyms of the noun collateral are:breakuncertainty
What does collateral mean in business?
In business, collateral refers to an asset or property that a borrower offers to a lender as security for a loan. If the borrower defaults on the loan, the lender has the right to seize the collateral to recover their losses. Common forms of collateral include real estate, vehicles, or equipment. It helps reduce the risk for lenders and can often facilitate better loan terms for borrowers.
What is collateral as it relates to the business?
The word collateral in business is that the bank has rights to take away your collateral or something that you put in stock that you own. For example, John owns a farm and he took a loan. The problem is that he didn't deposit his loan in the bank back, so the bank took his collateral that he put in the bank if he didn't pay his loan back. So that is why the bank has John's farm. So I prefer that if you take a loan, then pay your loan back. Or else your collateral is bye-bye.
What is another word for collateral?
complementary, secondary, corresponding, parallel
Can an employee use their ESOP stock as collateral to start their own business?
There is a way that someone can you an ESOP to start their own business. It's not in the form of collateral though. Check out this site for the details. http://www.borsaplan.com/
Is it fraud if you sell something that is collateral?
Collateral meaning there is a lien or chattel against the object, then the answer is yes IF YOU DONT INFORM THE BUYER, and get approval from the lien-holder.
What is a cross collateral lien?
A cross collateral lien is a loan where one piece of collateral secures more than one loan. An example would be a car that is paid off being collateral on 2 separate personal, cash loans.
Can a lien holder turn the lien over anyone els?
Yes they can ... it is selling collateral for capitol
Is the Cross Collateral Agreement considered a lien on real property in addition to the original mortgage lien and must be released or satisfied upon payment of one of the mortgage loans?
Researching how cross collateral agreements affect our lien we have an asset to or for the investor we are servicing.
Can a loan company put a lien on your car if its not paid off?
If the vehicle was put as collateral for the loan, there already is a lien on it.
Is a loan considered a lien?
Yes, a loan can be considered a lien if the lender has a legal claim on the borrower's property as collateral for the loan.
Does using your home for collateral put a lien on your home?
Yes. The lien created by using your home as security for a loan is called a mortgage.
Your vehicle has a lien can you borrow money?
A small loan company may use your title as collateral for the loan but the loan is relatively small. A bigger institution would not accept your vehicle as collateral because of the lien to another agency.
What is a non-consensual lien?
If you take out a loan from the bank and put your car up as collateral, this is a consensual lien. If you owe taxes and the IRS put a lien on your property or bank account, this is a non-consensual lien.
What does a lien on your car title mean?
you owe somebody money and your car was used as collateral
Can a bank holding an auto loan place a lien on your house in Illinois?
If ya used it as collateral.
What is an assesment lien?
An assessment lien is a legal claim on an owners property for collateral against delinquent assessments for a homeowners' association. They are provided for in the governing documents of an association.
