Question and answer
Question not found
Ask a question
Not a good answer? Get an answer now. (Free)
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
when lender's evaluate your sources of income and expenses? is this called capacity?
Weegy: A. Capacity which is how do you intend to pay it back (More)
Question
Expert Answered
Asked 8/11/2012 11:19:27 AM
0 Answers/Comments
What is collateral?
Weegy: Real property consists of houses and land. [ This type of property is a good form of collateral, because, if the borrower defaults on the loan and the property is foreclosed on, it has "real" market value to the bank or landlord, who can then re-sell or re-rent it to someone else and try to recoup their losses. ] User: why is collateral required for some people and some type of loans? Weegy: Banks require collateral for certain loans to give them recourse in case a borrower doesn't repay his loan. You may have to pledge collateral with a loan because you have had credit challenges in the past. [ The fact that you have walked away from other financial obligations makes the bank think you are more likely to default in the future. Collateral and down payments are both used by banks to increase the likelihood that they will be repaid Read more: Why Is Collateral Required for Some People & for Some Types of Loans? | eHow.com ] (More)
Question
Updated 285 days ago|7/6/2014 3:19:56 PM
1 Answer/Comment
In lending agreements, collateral is a borrower's pledge of specific property to a lender, to secure repayment of a loan.
Added 285 days ago|7/6/2014 3:19:56 PM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by yumdrea [7/6/2014 3:23:55 PM]
20,452,799 questions answered
Popular Conversations
Solve 2x^2 + x - 6 = 0 User: Solve |4x - 8| User: Solve the ...
Weegy: 2x + 1 User: Solve |x| > 5 User: Solve 7x - 4 = 5x + 15 for x.
4/17/2015 9:42:20 AM| 3 Answers
Which of the following statements uses the commutative property of ...
Weegy: C.2 + (3 + 4) = 2 + (4 + 3) User: Simplify (12ab)(3t). Weegy: Answer is 36abt User: Simplify (4x) · mn · 15 ...
4/17/2015 10:33:35 AM| 3 Answers
5x 2 y and 7x y 2 are like terms. True False
Weegy: 7x + 5x = 12x User: Simplify -10x - 2x + 3x. -9x 9x 11x Weegy: -10x - 2x + 3x = -9x User: Simplify 5(x ...
4/17/2015 10:43:33 AM| 3 Answers
Which two superpowers engaged in an arms race during the cold war as ...
Weegy: Which two superpowers engaged in an arms race during the cold war as they competed with each other to acquire ...
4/17/2015 3:21:30 PM| 2 Answers
What is an inflammation of the connective tissue that attaches the ...
Weegy: Tendon is an inflammation of the connective tissue that attaches the muscles to the bones.
4/17/2015 12:12:16 AM| 1 Answers
Weegy Stuff
S
L
Points 712 [Total 2289]| Ratings 1| Comments 702| Invitations 0|Offline
S
L
Points 605 [Total 1172]| Ratings 2| Comments 585| Invitations 0|Offline
S
P
C
L
P
L
1
P
P
1
Points 217 [Total 8094]| Ratings 2| Comments 197| Invitations 0|Offline
S
Points 164 [Total 164]| Ratings 0| Comments 164| Invitations 0|Offline
S
L
1
R
Points 101 [Total 1173]| Ratings 1| Comments 91| Invitations 0|Offline
S
L
Points 101 [Total 3704]| Ratings 0| Comments 101| Invitations 0|Offline
S
1
L
L
Points 62 [Total 8056]| Ratings 0| Comments 62| Invitations 0|Online
S
1
L
1
Points 43 [Total 3484]| Ratings 1| Comments 33| Invitations 0|Offline
S
Points 30 [Total 30]| Ratings 1| Comments 20| Invitations 0|Offline
S
Points 22 [Total 22]| Ratings 0| Comments 22| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.