Uh oh! You're not
+ Create New Flashcard
hold over a property/asset by an
institute to protect a
given out in case of
to pay that loan. For example, in the case of a
, where a
to repossess the mortgagor's home upon
is not in the physical
of the issuing company; instead, its right over that property is recognized and protected by the law. Opposite of this is the
, in the case of artisans or pawn shops that have
borrower's item, which is in their possession upon failed payment.
letter of credi...
pro forma invoi...
You Also Might Like...
Deed of Trust vs. Mortgage
When buying a home most of us don't have the cash immediately available to simply buy the home outright, which results in the need for home loans. In order to secure a home loan lenders require the home to be put up as security, and the most common ...
How to Finance a Short Sale
A short sale is a real estate transaction for the purchase of a home before a bank forecloses on it. Short sales allow the owner of the home to sell the home below the market price and are subject to approval by the holder of the loan on the ...
Types of Small Business Loans
How Credit Scores Help Consumers
For consumers, a credit score helps determine how much you pay for certain products and services. In some cases, it may even have an effect on your chances in obtaining employment. A credit score gives lenders an idea of your credit risk and ...
Copy & paste this HTML in your website to link to this page
Browse Dictionary by Letter: