Rick, a builder, is using two properties as collateral for a loan. this is an example of a(n) ______ loan.

Question

24-08-2022
Business

contestada

Rick, a builder, is using two properties as collateral for a loan. this is an example of a(n) ______ loan.

Respuesta :

Otras preguntas

Which goal did the leaders of Germany, Italy, and Japan have in common? A) to remain isolated from other nations B) to exterminate the Jewish populati

Read the following paragraph. Which type of point of view is being expressed? “A storm is coming,” said Marla. “We’d better get off the beach.” Dark clouds were

Where did the majority of European immigrants reside in the late 1800s? A. on farms B. in large cities C. in the suburbs D. in small towns

Adding up all of the income in an economy in a given year is one approach to calculating which of the following?

A market research firm has carried out an observational study on the chief executives from a random selection of the law firms in the country. the numerical mea

What is the best explanation for the purpose of the article, "Scratching the Surface of Mars"? A. The author wants the reader to understand all of the

A merchant wants to mix gummy worms worth $5 per pound and gummy bears worth $3 per pound to make 30 pounds of a mixture worth $3.80 per pound. how many pounds

A 47.0-g golf ball is driven from the tee with an initial speed of 52.0 m/s and rises to a height of 24.6 m. (a) neglect air resistance and determine the kineti

Symbols can be strung together in an infinite number of ways for the purpose of communicating abstract thought. this is referred to as ________.

The radius of a circle is 3 feet. What is the length of a 180° arc?

choprayogita110 choprayogita110 · Answer 1 · 2022-08-29T13:24:59+02:00

Rick, a builder, is using two properties as collateral for a loan. this is an example of a blanket loan.

Collateral is a term that refers to something that is given to a lender as a promise of return. As a result, if you take out a loan or mortgage to purchase a car or a house, the loan agreement will typically specify that the collateral will be returned to the lender if the money owed is not paid.

Simply said, collateral is an asset—like a car or house—that a borrower pledges in exchange for approval for a certain loan. Since collateral safeguards the lender's financial interest in the event that the borrower ultimately is unable to repay the loan in full, they may feel more at ease issuing credit.

Learn more about collateral here

https://brainly.com/question/7671058

#SPJ4