raysoftheSON
raysoftheSON raysoftheSON
  • 03-07-2020
  • Business
contestada

_________ is the use of an asset not the subject of the loan to collateralize that loan.

Respuesta :

imitateportsmouth imitateportsmouth
  • 08-07-2020

Answer:

Cross-collateralization

Explanation:

Cross-collateralization is used as an asset to collateral an initial loan as collateral for another loan irrespective of subject of the loan.

For example: If a person takes a loan from the same bank a car loan secured by the car, a home loan secured by the house, and so on, then these assets can be used as cross-collaterals for other loans.

Hence, the correct answer is cross-collateralization.

Answer Link

Otras preguntas

What is a pact? (History of Islam)
Identify possible consequences of global warming. i. a rise in sea level ii. an increase in average relative humidity iii. an increase in forest growth in the n
can u show how you get you answer 2 √(9a^3 b^4 c ) what is equivalent to the expression above?
The stage during which a prenatal child can open and close its eyes and can cry is the
Meiosis occurs in all cells. True False please help
What was the name given to the group headed by eustakio mendizabel benito at the start of 1970?
what is an rational number
Find the derivative of the function. g(t)=e^(-t)/(1+t^2)
The building block/monomers of lipid are _____. But to build a triglyceride you will need what additional piece? ________
French help?? please