Sentence examples for assets of the borrower from inspiring English sources

But I have heard that New York is a "no recourse" state and that the lender would have no claim on the assets of the borrower.

Total assets means the total assets of the borrower as calculated according to the Uniform System of Accounts, less regulatory created assets.

They might include, for example, a two-year period of on-time payments plus a rise in income and personal assets of the borrower.

Microfinance group leaders and NGO field officers take control of all the household assets of the borrower (land, home, jewelry, equipment, food reserves, animals, remittances, savings, furnishings, etc)., and force borrowers to convert those assets to cash if there is the slightest threat of default of any borrower within the group.

The security for such loans could be the underlying commodity or other assets of the borrower.

And banks jumped into the housing bubble that resulted, almost ignoring the most basic lending safeguards from such "free" money, such as verifying income and assets of the borrowers that Fannie and Freddie required.

Mortgaged property means any asset of the borrower which is pledged in the RUS mortgage.

Benjamin Fanger, co-founder of local distressed debt shop Shoreline Capital, said that only about 5% of their investments end up in an auction of the assets, because the borrower most often can still squeeze up some money (not full face value, of course) to pay off the investors.

These include doing searches for titles of a borrower's assets, putting liens on those assets, taking the borrower to court, and auctioning off certain assets.

At maturity, if the value of the loan is more than the value of the pledged assets, the borrower will default and the investor will lose the difference.

If the debt is secured against assets, then the borrower may be forced to sell.