it means if you put your house up for collateral for the loan, if you don't pay, they can take your house and foreclose.
or if you use your vehicle as collateral and you don't pay, they will come and take your car.
You have to put up some kind of thing worth money in order to receive money, this assures the loaner they will get their money!!!!!!!
Answer:
A secured loan is a loan where borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan.
Secured loans are also useful for larger amounts or where the applicant requires a longer repayment period.
Is a car loan considered a secured loan?
Yes, the vehicle itself is considered collateral and the lender remains on the title until the loan agreement is fulfilled.
How do you get financing for a small business?
If you register your business then you can get the Business Loan's with any collateral. and will be elligible for more govt benefits declared by ministry of MSME.
following are some
Here for this scheme, both the Existing Enterpreneurs as well as the new entrepreneurs who has enrolled for the Udyog aadhar Registration/ Udyam Registration and has the udyam Certificate are eligible for this.
In this scheme, both the existing Entrepreneurs as well as new entrepreneurs can take the benefit , just they havr to attach the Udyog Aadhar Certificate/ udyam Certificate with the Trademark or Patent Application while filing the application and instantly the fees gets reduced to 50%.
Small Micro and Medium Enterprises can directly make an formal application to the respective Electricity Board with the MSME/Udyog Aadhar Certificate attached to it and get the discounts on Electricity bills
As mentioned by Govt of india MSME Team, an Entrepreneur having the MSme Registration certificate gets the subsidy on Barcode Registration
The Rate of interest is much lower to the MSME having the Msme Registration Certificate than the Other enterprises.
For a Business, Udyog Aadhar/Udyam Certificate is considered as a prime document, as through which one can trace and have the details of a particular business. In simple words, it’s the aadhar card of a particular enterprise/business.
The MSME Registered entrepreneur can file the complain against the buyer if ther buyer dosent pay’s the Money on time or keep the payment pending for the long time, through the MSME Samadhan Scheme.
To get the equal opportunity to all the MSme ,to monitor the practice of the Public Procurement from MSEs by Central Public Sector Enterprises (CPSEs), which will help the MSME’s in engaging in the procurement process.
Get Digital Platform for Jobseeker and Training Portal with MSME Sampark
It is the digital program where the passed out trainees, jobseekers , recruiters register to get the respected employment and the recruiters to get the manpower as per their need. Online trainings are also carried out for these procedure. Annually around 1.5 students are benefited through Make in India Mission with MSME Sampark.
This scheme provides Collateral Free loans for an enterprise upto 50lakhs to make ease of doing the business in india just the condition is the Enterprise must have the Msme Udyog Aadhar Certificate with them.
In this scheme, financial support of upto 90days is provided for the raw material purchase and through MSme it is possible now to get the quality manufactured products., MSme Enterprise registered under Udyog Aadhar / Udyam Registration can avail this scheme.
Through this scheme an enterprise can avail for the industrial promotion subsidy.
Compensation on Iso certificate is given through this scheme for the MSME having the Udyog Aadhar/ Udyam Registration Certificate
For the initial year of the business from the date your business has commenced, an Msme can enjoy exemption from excise
What are the similarities and differences between a secured loan and an unsecured loan?
The similarities are that both types of debts can be collected according to the respective laws governing the transactions. Secured debts are those in which some form of collateral has been used. When someone buys a house, the house is used as collateral for the loan. Lenders have much more leeway when collecting on defaulted mortgages, such as foreclosure/forced sale. In the instance of credit card debt, which is unsecured lawsuits have to be filed, won, judgments executed, and so forth. Secured debts always have to be paid or the property has to be forfeited. Unsecured debts, even when a judgment is issued are not always collectible.
Answer :
Unsecured debt refers to any type of debt or general obligation that is not collateral by a lien on specific assets of the borrower in the case of a bankruptcy or liquidation or failure to meet the terms for repayment.
Secured loan is a loan where you will be required to use your property as security against the loan, so the lender is able to balance the risk of lending to you.
Can wages be garnished for a repossession in Texas?
Texas law only allows wage garnishment when the judgment creditor does not have other means for collecting the debt owed. If the debtor has a bank account or non exempt property that can be levied, seized or a lien placed by a judgment, wage garnishment is not allowed.
From 1804 to 1812, there were several groups of people that broke away from the Democratic-Republican Party and started their own factions. These people were referred to as tertium quids, or sometimes just quids. It was considered a derogatory term.
it is the branch of financial economics broadly concerned with monetary and microeconomics interrelation between two or more countries.
we study for understanding the dynamics of the global system, international monetary system, balance of payment, exchange rate, foreign direct investment and how these topics relate with trade.
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zahid
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Is there a way to get a grant for a single mom?
There is plenty of money out there for single moms! Wether it be grants, scholarships, or low interest loans.
For schooling one of the best resources is - http://sfe.me/singlemom - they offer scholarships of up to $10,000 for schooling if you are a single mom.
Visit the site they are very helpful! - http://sfe.me/singlemom
Best Wishes
A Security Plan should address to what?
A Security Plan should address the identification and assessment of potential risks and vulnerabilities to assets, personnel, and information. It should outline specific security measures and protocols to mitigate these risks, including physical security, cybersecurity, and employee training. Additionally, the plan should include incident response procedures and a framework for regular review and updates to ensure ongoing effectiveness. Finally, it should establish roles and responsibilities for personnel involved in security management.
Why is the television important?
That's an easy one. You can collect infomation from it, much more easily than emailing someone, writing a letter, or calling them. You get updates on politics, storm watches, and the stock market. It makes it much more convenient for the community. It is also a form of entertainment. Just set your little tykes down in front of it for a bit, and you have no problems.
The last number I have for them is 1888-416-7271, and a fax # of 1-404-592-6875. The phone number, however, just hangs up when I call there and their web site no longer exists. I also got scammed, so I would be interested in getting some info. I will report them to the attorney generals office so they can do an investigation together with the FBI. Good luck.
What are the elements of a memorandum of agreement?
It is a "free" document, like a contract, and the rules can be established by the parties to the agreement. However, the current norms such as human dignity and other rights must be respected, in addition to following a standard that must contain:
> The division of the participation of each partner;
> The role of each partner;
> Amounts that will be invested in the enterprise by each partner;
> The eventual departure of a partner;
> How they are remunerated;
> Possibility of corporate dilution;
> Alignment on intellectual property, if any;
Among other things. The ideal would be to seek a lawyer and explain to him the conditions that the parties wish to place in the agreement, so that he can write it correctly and in accordance with the necessary laws.
Why did movie theaters start using widescreen?
Movie theaters began using widescreen formats in the 1950s primarily to attract audiences away from the growing popularity of television. Widescreen provided a more immersive viewing experience, enhancing visual storytelling and allowing for more dynamic cinematography. The shift also aimed to showcase films as a unique event, emphasizing the grandeur and spectacle that could not be replicated on smaller screens at home. Additionally, innovations like Cinemascope and VistaVision offered filmmakers new creative possibilities, further encouraging the adoption of widescreen formats.
What does to secure these rights mean?
to be apart of the rights (from the decleration of independent)
What is the definition of a capital contribution to a start up company?
Capital Contributions can be made up of contributed cash, property (any contribution of property must include a description of the property), promissory note or services rendered. Capital contributions can also consist of other obligations to be contributed by Limited Partners(s) in the future, cash, property (any contribution of property must include a description of the property) and services to be performed. Typically, the General Partner's Capital Contribution may be a nominal amount, such as one percent (1%) of the total Capital Contribution. Also, the General Partner's Capital Contribution may consist of future services.
What are The problems and prospects of JAMB administration in Nigeria?
The problems and prospects of JAMB administration in Nigeri.
It is a Very strong Security system . the commando or trend very toughly
The rate is 15.56%. The amount invested is irrelevant in this calculation.
There is a lot of red tape involved with opening a bar in many places, particularly the US.
At a minimum you are going to heed:
And that doesn't even consider the money needed to lease and decorate the premises as well as train staff and lay in basic supplies and liquor.
What are Available for sale securities?
securities (current or non- current) that are non strategic neither "held for trade" nor held-to-maturity and that have a readily available market price. Any gain or loss resulting from marking AFS investments to market is reflected in other comprehensive income and not included in net income until they are realised.
It depends on many things like what your profession and skill level are and where you live.
How do you fix a security problem on a 1997 Monte Carlo Z34?
To fix a security problem on a 1997 Monte Carlo Z34, first, check the vehicle's key and ignition system, as issues with the ignition cylinder or key transponder can cause security lockout. Inspect the wiring and connections related to the anti-theft system, as frayed wires or loose connections can disrupt functionality. If the problem persists, consider resetting the vehicle's security system by disconnecting the battery for a few minutes, then reconnecting it. If these steps do not resolve the issue, consult a professional mechanic or dealership for further diagnosis and repair.
Advantages of vertical integration in airlines?
Vertical integration in airlines offers several advantages, including improved operational efficiency and cost control by consolidating various functions such as maintenance, ticketing, and customer service under one umbrella. It also allows airlines to enhance customer experience by providing seamless services, from ticket booking to travel, leading to increased brand loyalty. Additionally, vertical integration can result in better supply chain management, reducing dependency on third-party providers and improving overall reliability and profitability.