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what it is the out comes of collaertal
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Expert answered|sharpies|Points 7591|
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Asked 5/9/2012 9:57:52 AM
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Questions asked by the same visitor
define 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. ] (More)
Question
Updated 7/7/2018 3:56:44 AM
1 Answer/Comment
Collateral is a property or other asset that a borrower offers as a way for a lender to secure the loan.
Added 7/7/2018 3:56:44 AM
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What is consumer credit?
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Updated 12/3/2017 2:41:50 AM
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Consumer credit is a debt that a person incurs when purchasing a good or service.
Added 12/3/2017 1:20:48 AM
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Confirmed by yumdrea [12/3/2017 2:41:52 AM]
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