The Fed said that the loan is collateralized by all the assets of AIG and of its primary non-regulated subsidiaries.
"Well secured" means the loan is collateralized by: (1) A perfected security interest in, or pledges of, real or personal property, including securities with an estimable value, less cost to sell, sufficient to recover the recorded investment in the loan, as well as a reasonable return on that amount, or (2) by the guarantee of a financially responsible party.
In other words, each coin or token is collateralized by an equal amount of that fiat currency, which is held by a financial institution.
Morgan Stanley now holds $26.2 billion in real estate loans with its clients and a further $40.1 billion in securities-based loans and other debt that is collateralized by everything from art collections to stakes in private equity partnerships and jets.
Hard money is collateralized with the property in question so finding the right one is very important.
In essence Apptrade is "collateralizing royalty streams" according to App broker Pineda, who studied at The Art Institute of California, Los Angeles.
In "plain vanilla" deals, that is about as far as it goes -- a special-purpose entity, for example, buys a pool of car loans from the General Motors Acceptance Corporation, using money it got by selling public securities that are collateralized by those loans.
Mr. Breyne stressed that these loans were collateralized, and that Finova was confident it would get all or most of its money back.
In connection with that offering, the company made one disclosure that turned out to be prescient: The company's borrowings "are collateralized by the value of our portfolio of mortgage assets," it said.
This loan will be paid by the cash flow from both the shop at the Flea Market and the laundry business, and will be collateralized by the assets of the business and steady income it brings along with an initial $75,000 down payment, and backed by the character, experience, and personal guarantees of the owner.
