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

a person produces the least friction moving across what suffaces?
Is this statement true or false Roman and Byzantine artists made mosaics by pressing marble or glass tesserae into cement or plaster
What is -2x-8? I need some work to go with it if you don’t mind
Which ancient greek pre-socratic philosopher is famous for leaving bits and fragments of his philosophy, including riddles like "the sun is the width of a human
which explorer traveled farther south than any other did in 1500s
find the product of (a²+b)(2a²-5b)
Which of the following is NOT an example of a chemical change? Question 1 options: burning wood ice freezing rusting metal black char forming on the outside of
What does Plethora mean?
What types of goods did the Japanese want from the Dutch A. Guns B. Gold C. Copper D. Silver
I’m stuck. Please help.