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 362 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 362 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]
21,553,262 questions answered
Popular Conversations
Solve the equation: h/9 = 7. A. h = 7/9 B. h = –63 C. h = ...
Weegy: A. M = K/LN User: Solve this equation: 2s + s + 12 = 132. A. s = 40 B. s = –30 C. s = 9 D. s = 120 ...
7/3/2015 1:17:37 PM| 3 Answers
Which one represents water? a.H 2 0 b.H 3 0 c.C 2 0
Weegy: I assume you mean divided by and the answer would be 1
7/3/2015 10:20:28 PM| 3 Answers
Financial statements should be prepared before any adjustments are ...
Weegy: Financial statements should be prepared before any adjustments are made. False. User: The credit side of an ...
7/4/2015 3:44:09 AM| 3 Answers
Read the selection. Then, answer the questions that follow. Coyote ...
Weegy: D. Mythical heroes always elicit admiration is the answer. User: Which of the following is an absolute ...
7/3/2015 2:31:12 AM| 2 Answers
What type of force is ...
7/3/2015 7:45:48 AM| 2 Answers
Determine if the statement is always, sometimes or never true. An ...
Weegy: An equilateral triangle is a regular polygon. The answer is sometimes. User: A triangle can have one right ...
7/3/2015 8:35:42 AM| 2 Answers
Weegy Stuff
S
1
L
P
1
1
Points 125 [Total 1531]| Ratings 1| Comments 115| Invitations 0|Online
S
1
Points 74 [Total 585]| Ratings 0| Comments 74| Invitations 0|Offline
S
Points 31 [Total 31]| Ratings 1| Comments 21| Invitations 0|Offline
S
1
L
L
Points 24 [Total 8404]| Ratings 0| Comments 24| Invitations 0|Offline
S
P
C
L
P
L
1
P
P
1
P
1
P
Points 13 [Total 9542]| Ratings 0| Comments 13| Invitations 0|Offline
S
R
Points 6 [Total 208]| Ratings 0| Comments 6| Invitations 0|Offline
S
L
P
P
Points 4 [Total 3563]| Ratings 0| Comments 4| Invitations 0|Offline
S
Points 4 [Total 4]| Ratings 0| Comments 4| Invitations 0|Offline
S
Points 1 [Total 1]| Ratings 0| Comments 1| Invitations 0|Offline
S
Points 1 [Total 44]| Ratings 0| Comments 1| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.