| collateral |
This is the amount of security provided to secure the home loan.
Ãâó: www.standardbank.co.za/SBIC/Frontdoor_02_01/0,2354...
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| collateral |
Property pledged as security for a debt. The borrower risks loosing the collateral if the debt is not repaid according to the terms of the loan contract.
Ãâó: www.loftyfinds.com/glossary/c/
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| collateral |
Something of value that is pledged as security for a loan. The lender can repossess the collateral if the loan is not repaid.
Ãâó: www.midfirst.com/library1.asp
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| collateral |
Personal property pledged as a guarantee that you will repay your loan. Property such as houses, cars, savings accounts, bonds, or certificates of deposit are commonly used as collateral.
Ãâó: www.unitedpersonalloans.com/loan-glossary.htm
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| collateral |
In a home loan, the property is the collateral. The borrower risks losing the property if the loan is not repaid according to the terms of the mortgage or deed of trust.
Ãâó: www.relo-experts.com/glossary/C.html
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