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Security For Bank Loans

 
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lutherbeau



Joined: 09 Nov 2012
Posts: 10
PostPosted: Fri Nov 09, 2012 4:50 am    Post subject: Security For Bank Loans Reply with quote
Security, in relation to a loan extended by a Bank to a borrower, means, an asset, of any kind or description, having certain qualities, among them, monetary value, that can be possessed by the Bank, in the event of default, and applied toward repayment of the loan.
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