Secured loan: Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
Line 1: | Line 1: | ||
{{ | {{a|security|}} | ||
A [[loan]] where the borrower grants the [[lender]] a security interest over its property to mitigate the credit risk. | A [[secured loan]] is a [[loan]] where the [[borrower]] grants the [[lender]] a [[security interest]] over its property to mitigate the [[credit risk]]. | ||
A home loan is a great example. The Lender gives you money; you grant the lender a [[mortgage]] over the title to your house. | A home loan is a great example. The Lender gives you money; you grant the lender a [[mortgage]] over the title to your house. |