Passage 3
Security is required on loans for several reasons. One of the most common
is probably the borrower’s financial weakness. Such weakness may be indicated by
several factors, including heavy obligations to creditors, poor management, and
insufficient income. Borrowers in this financial condition can strengthen their
credit by pledging certain assets. Having a secured loan may also be a
psychological advantage for a bank. As long as the borrower has greater equity
in the pledged assets than does the bank and the bank is in a preferred position
and can foreclose in the event the loan agreement is broken, the borrower has a
strong incentive to repay the obligation. The length of a loan also has a
bearing on whether it will be secured. As the term of the loan lengthens, the
risk of non-repayment increases. Loans for purchasing rea A. Past record of repayment. B. Low profitability. C. Poor management. D. Heavy obligations to creditors.
更多"Passage 3
Security is required "的相关试题:
[单项选择]
Passage 3
Security is required on loans for several reasons. One of the most common
is probably the borrower’s financial weakness. Such weakness may be indicated by
several factors, including heavy obligations to creditors, poor management, and
insufficient income. Borrowers in this financial condition can strengthen their
credit by pledging certain assets. Having a secured loan may also be a
psychological advantage for a bank. As long as the borrower has greater equity
in the pledged assets than does the bank and the bank is in a preferred position
and can foreclose in the event the loan agreement is broken, the borrower has a
strong incentive to repay the obligation. The length of a loan also has a
bearing on whether it will be secured. As the term of the loan lengthens, the
risk of non-repayment increases. Loans for purchasing rea A. the lending bank can enjoy higher interest receipts from the loan B. the borrower is more willing to pay back the money C. the funds borrowed will be repaid within a shorter period of time D. more prime borrowers are attracted
[简答题]
Passage 3 Secured
loans involve the pledge of specific collateral. An example is a loan that is
secured by a chattel mortgage on an automobile or some other form of personal
property. Pledged collateral for secured loans may consist of a variety of
assets such as real estate, warehouse receipts, accounts receivable, plants and
equipment, trust receipts, negotiable bills of lading, oil runs, corporate
stocks, and bonds. The basic requirement of such assets is marketability. The
main reason for requesting that a loan be secured is to reduce the bank’s risk
of loss in the event the borrower is unwilling or unable to repay the loan at
maturity. Security does not assure that the loan will be repaid; however, it
does reduce the risk, since the hank becomes a preferred creditor in the event
of liquidation, and takes precedence over general cre
购买搜题卡查看答案
[会员特权] 开通VIP, 查看 全部题目答案
[会员特权] 享免全部广告特权
请选择支付方式
-
微信支付
-
支付宝支付
立即支付
系统将自动为您注册账号
请使用微信扫码支付
截图扫码使用小程序[完全免费查看答案]
请不要关闭本页面,支付完成后请点击【支付完成】按钮
恭喜您,购买搜题卡成功
重要提示:请拍照或截图保存账号密码!
我要搜题网官网:https://www.woyaosouti.com
我已记住账号密码
| | |