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Before the mid-1990's, the state banks merely extended credit to state enterprises on government order, and they had little experience with standard financial practices like risk assessment, due diligence and securing collateral.
Also in 1905, J. Grossman's Sons unsuccessfully prevented the sale of their securing collateral, a debtor's home, to the debtor's daughter.
Similar(55)
Instead, he said that much like a bank, he and his partners secured collateral to seize if the loan failed -- often property the borrower is trying to lease or buy.
As a result, Suntech agreed to backstop a credit line from the bank to a company called Solar Puglia, and in turn secured collateral of its own in the form of German government bonds from Mr. Romero's entity.
But the (OTC) derivative market is comprised of banks and hedge funds, and allows these high rollers to make risky bets, often against one another on mutually secured collateral.
The loans are generally secured by collateral.
"It does question whether the investor is secured by collateral".
Two major European banks, Deutsche Bank and BNP Paribas, thought their $1.68 billion in loans was fully secured by collateral.
The $2 million would be secured in collateral pledged by Mr. Starr's brothers, Warren Starr and Stuart Starr, the filing said.
A lender can't be sure that you'll land a good job after graduation; even worse, it can't secure any collateral.
When it is fully secured by collateral, bondsmen can sell the assets or garnish the wages of whoever signed for the bond.
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CEO of Professional Science Editing for Scientists @ prosciediting.com