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Exact(33)
When borrowing to buy stocks, the shares serve as collateral.
Many different things can serve as collateral for a loan.
The bank would charge 3percentt annual interest and the preferred shares would serve as collateral.
The bookies move in; television sets, Toomer relates, are trundled along the streets to serve as collateral.
Others with steadier cash flow serve as collateral on Enron's loans, raising questions about how easily they can be used to satisfy the company's debts.
Because Lord Black's supervoting shares serve as collateral for the bonds, Lord Black could thus effectively lose control of the newspaper company.
Similar(27)
The oil in the tanks served as collateral for loans to Allied Crude that were guaranteed by the American Express unit.
Because Lord Black's shares served as collateral for the bonds, he could have lost control of the newspaper company.
Our paper provides a complete characterization of leverage and default in binomial economies with financial assets serving as collateral.
The corporation plans to retire the 1982 bonds and earn a $40 million profit by selling the mortgages that served as collateral for the bonds.
Thornburg was subject to margin calls if the value of its adjustable-rate mortgage securities that were serving as collateral for its loans fell below designated thresholds.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com