Answer:
(1). Secured loans
Collateral is generally required for secured loans. Secured loan are those for which the borrower, along with a promise to repay, puts up some asset (collateral) as surety for the loan. A secured loan instrument simply means that in the event of default, the lender can use the asset to repay the funds it has advanced the borrower. The risk of default on a secured loans tends to be relatively low since the borrower has so much more to lose by neglecting his financial obligation. Secured loans financing is typically easier for most consumers to obtain. As this type of loan carries less risk for the lender, interest rates are usually lower for a secured loan.
(2). Higher interests rates.
People who get loans but are considered a risk to fully repay them, often get higher interest rate. Because the risk to the lender is increased relative to that of secured debt, interest rates on unsecured debt tend to be correspondingly higher. However, the rate of interest on various debt instruments is largely dependent on the reliability of the issuing entity. An unsecured loan to an individual may carry astronomical interest rates because of the high risk of default.
(3). Higher total payment.
An unsecured loan to an individual may carry astronomical interest rates because of the high risk of default. Lenders issue funds in an unsecured loan based solely on the borrower's creditworthiness and promise to repay. Unsecured loan has no collateral backing, It involves no security, Hence, If the borrower defaults on this type of debt, the lender must initiate a lawsuit to collect what is owed.
Answer:
the main difference lies between the pension scheme.
Explanation:
If an individual is considered an employee (non-cadre), there would be less expectation from him in the eyes of people. For example, if an individual has a large workload, he or she may get paid an overtime fee for that but if one is considered an executive (cadre), more is expected from them. However, a cadre has a better retirement plan as compared to a non-cadre.
Lake because it is not connected to ocean water
Answer:
i don't have any ideal about it
The French are very proud of their culture and they are very protective of it, some may say that it is even superior to others. That is why the public policies are very influenced by the cultural beliefs of French people. The policies are usually designed to protect the French culture and are very resistant to the influence of other cultures.
