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Security For Bank Loans

 
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lutherbeau



Joined: 09 Nov 2012
Posts: 10
PostPosted: Fri Nov 09, 2012 5:01 am    Post subject: Security For Bank Loans Reply with quote
Collateral Security refers to certain additional security obtained by the Bank to secure the loan. For example, say, a Bank has financed the purchase of machinery by a Pharmaceutical manufacturing company. This machinery would be the primary security for this loan.
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