7-Financial Affairs-Loan-Collateral
collateral
For loans, people can have to assign liens on homes or other assets {collateral}|. If people do not pay off loans according to agreements, lienholders can sell homes or assets to recover loans.
surety
Individuals or companies can pay bonds {surety}| to customers if they do not perform contracts.
Related Topics in Table of Contents
7-Financial Affairs-Loan
Drawings
Drawings
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Date Modified: 2022.0225