A
"secured asset" refers to a possession or property that has been pledged as collateral to secure a loan or debt. This means that if the borrower is unable to repay the debt, the lender has the right to claim and sell the
secured asset to recover the owed amount. The asset provides security or assurance to the lender.
Full definition
Additionally, debts
for secured assets such as a home or car are not discharged by filing Chapter 7.
It makes it easier to manage and
secure the assets in an institution and also increases the integrity of the data for third parties that might want to verify.
If you can keep up with your lease or loan payments you can keep your vehicle (this applies to other
secured assets like your home mortgage as well).
This is a calculation used to evaluate risk
on secured assets, typically a home mortgage.
Second, the fact that bitcoin is not backed
by secure assets is also a question of design.
Buying umbrella insurance is a balancing act — you must find the amount of coverage that can
secure your assets at a cost that makes sense for you.
North American Insurance is a privately owned company which allows the company to invest in
more secure assets.
For example, when stock markets fall investors look for safety and often
buy secure assets like bonds.
You'll have more equity in your home, a
relatively secure asset, which you can use as you need through a HELOC or home equity loan.
In a Chapter 13 bankruptcy case, the trustee will oversee your payments
for secured assets over a three to five year period according to your plan.
Buying umbrella insurance is a balancing act — you must find the amount of coverage that can
secure your assets at a cost that makes sense for you.
The old rule of Walter Bagehot was for the central bank to unlimitedly lend
against secure assets at a penalty rate in a crisis.
By enabling decentralized user accounts built entirely on blockchain technology, and by using the Colored Coins protocol, users can exchange and
secure their assets without having to trust a third - party.
Still, a team at the bank is reportedly looking towards the eventual trading of Bitcoin and other cryptocurrencies if it can find regulatory clarity and settle concerns over
securing the assets while the bank holds them.
It
uses secure asset stores to move funds between parties without an intermediary and can process transactions both online and offline.
Actions by secured creditors to repossess or foreclose on
secured assets when you are in default on the loan are not stayed by bankruptcy.
Recently on our bankruptcy forum a user asked, «I have heard for years that I need a three to six - month emergency fund which can cover my living expenses., I have very high student loan debts, a $ 10,000 credit card bill and
secured assets which are costing me a great deal of money.
Current legislation forbids pension funds from investing in anything but the
most secure assets.
This can be the case for business bankruptcies or if the value of your assets (
excluding secured assets) will exceed $ 15,000, but this does not happen in most individual bankruptcies.
These measures are used to
secure assets so they can be confiscated by the authorities in the case of conviction.
Maximizing creditor recovery is as much
about securing assets to pay our clients» claims as establishing that money is due.
The Married Women's Property Act, 1874 («MWPA») was created to
secure the assets owned by a woman against her husband, his creditors and relatives.
«Subject to the highest standards of compliance, KODAKCoin is all about paying photographers fairly and giving them an opportunity to get in on the ground floor of a new economy tailored for them, with
secure asset rights management built right in.»
But to speak to it generally, I have to first point out that the notes we work with are collateralized by hard property, making these
notes secured assets.
PSRS represents life insurance companies, banks, private capital and other credit facilities seeking investment in real
estate secured assets.
Although securing the assets is key in this seller's market so hopefully they will be profitable for you... depends on your use of the property - flip or buy / hold, etc..
Moreover, in many cases, all unsecured debt can be eliminated without any payments whatsoever since the Chapter 13 payments can be lowered to an amount that only pays for
secured assets such as a vehicle.
Furthermore, the court's usual methods
of securing assets, such as issuing injunctions, can be difficult to administer with cryptocurrencies.
Traditional lenders, like banks, typically look for
secure assets like real estate or equipment as collateral; although anything of value the lender can sell to satisfy your debt should you default might be accepted — depending on the lender.
Traditional lenders, like banks, typically look
for secure assets like real estate or equipment as collateral; although anything of value the lender can sell to satisfy your debt should you default might be accepted — depending on the lender.
WHEN Tasmanian forestry products heavyweight Gunns missed out
on securing the assets of defunct agribusiness company Timbercorp, those vying for assets of another failed timber company knew they were in trouble.
In the same vein, Alcoa is expending considerable resources to
secure assets while expanding in Brazil, Russia, and China.
«To compete for and
successfully secure assets, you have to be absolutely sure that every aspect of the investment is aligned to meeting or beating performas,» Roberts says.
Also, some areas are enjoying the benefits from vast investment sums flowing in from foreigners who are looking to maximize returns
by securing assets in the U.S., or are interested in placing their assets outside the reach of certain governments.
CNOOC's purchase of Nexen, a mid-tier energy company,
secured it assets in western Canada — including big reserves in the oil sands — the Gulf of Mexico, North Sea, Africa and the Middle East.