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kirill115 [55]
3 years ago
14

Homer wants to borrow money from the Springfield Bank to buy a new trampoline. The bank requires collateral for a loan. What is

collateral?
Social Studies
2 answers:
Alinara [238K]3 years ago
8 0
Normally, unless it is a sort of pawnshop or personal type of loan, you the borrower hold the collateral. For example, if you get a loan on a vehicle, you have possession of the vehicle as long as you are making payments as agreed. If you stop making the payments, the one to whom you owe the money (the lien holder) can take possession of the vehicle, sell it, and you would be responsible to pay the difference between what it is sold for and the amount you still owe, if there is a difference
Lelechka [254]3 years ago
8 0
<span>Collateral is a property or other asset that a borrower offers as a way for a lender to secure the loan. If the borrower stops making the promised loan payments, the lender can seize the collateral to recoup its losses. A lender's claim to a borrower's collateral is called a lien.</span>
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An important example of CAPCOM was in  Oct. 22, 2013 when astronaut Cady Coleman monitors communications involving the brawl and docking of the Cygnus cargo ship from NASA's  International Space Station.

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Space lawyers are responsible for drafting these treaties and laws and they advice lawmakers whether or not to enter into international space treaties.

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<em>EDUCATION AND THE AEROSPACE INDUSTRY</em>

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4 0
2 years ago
Behaviorists assert that the environment plays an enormous role in learning. they include ____.
mart [117]
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3 0
3 years ago
The occurrence of daily hasslesSelect one:a. bears no relationship to physical health.b. reduces psychological well-being over t
Allushta [10]

Answer:

C.

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6 0
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The Code of Conduct was created due to the failure of American POWs to escape, and due to their contributions to the enemy’s pro
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Answer:

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Therefore, it's the right answer.

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