Sentences with phrase «collateral for the loan agreement»

Unsecured business loans do not require collateral for the loan agreement.

Not exact matches

That means a business owner can't use the same invoices as collateral for a different loan unless a subordination agreement is in effect.

So if a business owner takes out a loan for a new building, the loan agreement might state that their car and house can be used for collateral if they fail to make payments.

We must also consider our agreement with the China exim bank.Part of our cocoa still serve as collateral for loan contracted for the bui dam.

Hypothecation agreement: Agreement signed by a margin customer which pledges the securities in the account as collateral for the loan and allows the broker / dealer to use the securities as collateral with the bank supplying the loagreement: Agreement signed by a margin customer which pledges the securities in the account as collateral for the loan and allows the broker / dealer to use the securities as collateral with the bank supplying the loAgreement signed by a margin customer which pledges the securities in the account as collateral for the loan and allows the broker / dealer to use the securities as collateral with the bank supplying the loan money.

The template does not include provisions for describing collateral, so this agreement would mainly be used for personal unsecured loans.

Mortgages are security agreements whereby the collateral for the loan (your home) can be taken by your lender in the event payments are not made.

Most of the terms and conditions are standard fare — amount of money borrowed, interest charged, repayment plan, collateral, late fees, penalties for default — but there are other reasons that loan agreements are useful.

The secured personal loan for bad credit is secured by pledging collateral to the lender that can be sold if you do not follow the terms of your lending agreement or if you default on your loan payments.

There is no collateral required for this loan agreement.

Collateral securing other loans you have with the Credit Union may also secure this loan, except that a dwelling will never be considered as security for this account, notwithstanding anything to the contrary in any other agreement.

If you have a low credit score with derogatory information on your credit report such as late or collection marks, to get approved for a credit card or loan, creditors may require collateral such as your car or home to be part of the agreement.

Credit Suisse, Canadian counsel for the administrative and collateral agent in connection with advice on loan agreements, Canadian security documents and title insurance matters surrounding a US$ 226.5 million first lien credit agreement.

A typical collateral assignment would be for the employer to recover the loans made upon the employee's death or at the termination of the agreement.