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

In his letter to John Dickinson Thomas Jefferson Made which of these points about the Louisiana Purchase ?
Baldcypress is a tree that develops cones to carry and protect its seeds. It can be classified as __________. A) coniferous B) deciduous C) perennial D) conica
wht is relative humidity
Which shows two expressions that are equivalent to (-7)(-15)(-5)? A.(-7)(-75) and (-1)(525). B.(-1)(525) and (35)(-15) C.(35)(-15) and (115)(-5) D.(-1)(525) an
There are 96 problems on a math test. 40% is Algebra problems and the rest are Arithmetic problems. How many Arithmetic problems are on the test?
Please help! Write in y=mx+b
How large is the angle formed by the hands of a clock at 8:15
need help! multiple questions [LOTS OF POINTS] Please help! show work thanks
20×+12>14×+30 A. ×<3 B.×<7 C.×>7 D.×>3
lesson 3 element of art art 1 a unit 1 journey through ancient art history