We
lend against collateral, and your collateral mainly is real estate, and real estate is still so much a negative equity that we're not going to lend.
The purchase - money lender has recourse
only against the collateral for the loan and not against the purchaser / borrower in her individual capacity.
Consumers whose credit is not good enough to obtain such an unsecured card might find that a debt consolidation loan
secured against collateral may help them reduce their debt more quickly.
The ability to repay the role needs to be verified with the financial institution through profitability, statements etc.The secured Business Loan is granted
against collateral like property, gold etc. while the unsecured business loan requires no such validation, however turns out to be more expensive than the secured business loan.
It also recognized the desirability of moving away from the Anglo - Dutch - American system of «merchant banking» based on short - term lending
against collateral in place, or for shipping of goods already produced.
The secured Business Loan is
granted against collateral like property, gold etc. while the unsecured business loan requires no such validation, however turns out to be more expensive than the secured business loan.
The Fed already has let them borrow
against collateral at way, way more than it is worth — in sharp contrast to how it treats middle - class debtors.
It is, of course, key that such (re) discounting be at a penalty rate and
against collateral deemed adequate by the central bank.
Liens against collateral used to secure debt, like car loans and home mortgages, will not be discharged, and that property can be repossessed or foreclosed on unless you continue to make payments or are able to reach a new agreement with your lender.
What you are seeing is a substitution of T - bills and T - notes for short - term lending
against collateral with greater credit risk (though with haircuts).
In effect, I can always create my own «bank» by borrowing
against the collateral of shares of un-leveraged, desirable businesses.
The lender runs lower risks when lending
against collateral because in the event of default the property securing the loan can be repossessed or subject to foreclosure.
The Tribunal went on to reject the College's arguments that the Registration Committee's decision was protected by a statutory immunity provision, deliberative secrecy, or the
rule against collateral attack.
Fees or expenses the Bank incurs in responding to legal action (including without limitation attorneys» fees and the Bank's internal expenses) may be
charged against your Collateral Account.
«We are
lending against collateral - your receivables - and while a bank may take assets as collateral they are really looking at historic cash flows and your ability to repay the loan.»
It was generally accepted that the appropriate response in a liquidity panic would be to provide funds to solvent financial institutions,
against collateral, at a rate related to but above the prevailing market rate.
When banks were the main providers of credit, the financial stability mandate of central banks could be summarised as their lender of last resort function: in times of crisis, lend freely, at a penalty rate and
against collateral that would be good in normal times but may be impaired in times of crisis.
Loan facility: Policyholders can take a loan against an endowment policy as and when needed, and this is usually without the need to secure the loan
against collateral.