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 desire to prove oneself and to be accepted by peers
Explanation: Since he was teased by his classmates because he was small for his age, John had a desire to prove himself, as was everyone else. This means that he has reached out to a group that has accepted him and is using drugs. This fact that another group uses drugs can often be evidence of success with peers. Especially those who were teased about some peer deficiencies to be proof of success and acceptance.
Also, the fact that he uses drugs, unfortunately, can allow John to be accepted more than he would otherwise be if he had not had some disadvantage, low growth, etc.
Answer:
Eli Whitney- Cotton Gin
Frances Lowell- Power loom
Elias Howe- Sewing Machine
James Watt- Steam Engine
Explanation:
Any Member, Delegate, or Resident Commissioner in the House of Representatives may introduce a bill any time the House is in session.
Answer:
The Himalayan mountain range and Tibetan plateau have formed as a result of the collision between the Indian Plate and Eurasian Plate which began 50 million years ago and continues today. Explanation: hoped i helped
