The bank wants to give you an incentive to pay back the loan. If they did not hold your assets as collateral, you could simply fail to pay back the loan and really not lose anything other than your credit score. Many borrowers already have tarnished credit scores, so that is rarely enough incentive to base a loan on.
I would put this into your own words considering I copied and pasted it. Other than that I hope this helps!
D.
Thomas Aquinas is famous for being a philisophe who followed Aristotle in an attempt to link God with science and Catholisim
Answer:
Explanation:
How did they come to the US? ... Therefore, many Chinese immigrated to the US from Canton after news of the gold discovery in California. Immigrants undertook a Pacific Ocean journey of three weeks by ship. Many passengers could barely afford steerage class travel.
If a person was to strike their parents their hand was to be cut off.