Sentence examples for borrower pledge from inspiring English sources

What can a borrower pledge when starting from zero? Ms Wallace's team sought advice from the World Bank and from micro-banks in Indonesia, Mozambique and elsewhere, and found that almost anything will serve as collateral, provided it means a lot to the borrower.

For instance, if a borrower pledges a car as collateral for a loan, but the auto insurance appears to have lapsed or is insufficient, Springleaf can impose its own insurance.

Instead, buyers may need to take out a secured loan, which is similar to a mortgage and gives more favourable terms because the borrower pledges collateral for the loan.

And because the loan balance that the borrower pledges to repay is not affected by any changes that occur in the economy, the borrower is forced to assume a risk that her equity in the property will decline.

He and General Counsel Angela Jeffers explained that LendUp offered a 30 cents per day discount if borrowers pledged to pay back early.

Collateral, a borrower's pledge to a lender of something specific that is used to secure the repayment of a loan (see credit).

In a credit agreement, collateral is a borrower's pledge of a property to lenders that use to secure repayment of the loan.

Roughly one-half of the money lent at a typical Citifinancial branch is to borrowers who pledge no collateral, for example, while a significantly higher share of Associates' loans are secured by equity in the borrower's home or some other asset.

Borrowers can pledge anything from fine art and expensive watches to vintage wine and classic cars as collateral for their loans.

The group is asking student borrowers to pledge to stop making loan payments after one million people have signed on, to protest "a system that openly invites profiteering on the part of lenders".

The lack of a collateral registry in the second largest economy (since 2010) serves as a barrier to information transparency that allows unscrupulous borrowers to pledge the same collateral for multiple loans.