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What do you mean by the term collateral |
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Answer» The collateral refers to a asset that a lender accept security ? for loan . It acts as a form of protection for the lender . That is the borrower default on their loan payments the leander can seize the collateral and sell to recoup some or all of its losses . Types of collateral are1.Real estate 2.cash secured 3. Inventory financing 4. Invoice collateral 5.blanket liens 6.unsecured loans 7.online loans 8.using a co maker and co signer \xa0Collateral\xa0(Security) is an asset that the borrower owns (such as land, building, vehicle, livestocks, deposits with banks) and uses this as a guarantee to a lender until the loan is repaid. If the borrower fails to repay the loan, the lender has the right to sell the asset or\xa0collateral\xa0to obtain payment. This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines.\xa0If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section.\xa0Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html\xa0Few rules to keep homework help section safe, clean and informative.Don\'t post personal information, mobile numbers and other details.Don\'t use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar term and anything sexually suggestive. Avoid harassment and bullying.Ask specific question which are clear and concise.Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions. This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines.\xa0If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section.\xa0Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html\xa0Few rules to keep homework help section safe, clean and informative.Don\'t post personal information, mobile numbers and other details.Don\'t use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.Ask specific question which are clear and concise.Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions. |
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