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Haiyang
difference between "collateral" and "pledge"?
8 nov. 2011 02:15
Antwoorden · 1
Collateral is a pledge against repayment of a loan. I can take a loan and pledge my house as collateral. If I can't repay the loan, the bank or person who gave me the loan can take my house as payment. A pledge is any promise or guarantee, not necessarily for a loan. Collateral is always a pledge; a pledge is not necessarily collateral.
8 november 2011
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Haiyang
Taalvaardigheden
Chinees (Mandarijn), Engels, Italiaans
Taal die wordt geleerd
Engels, Italiaans
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