1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
alexdok [17]
3 years ago
8

Why does a bank want collateral​

History
2 answers:
Rama09 [41]3 years ago
8 0

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!

Dahasolnce [82]3 years ago
8 0

A secured loan is a loan that has collateral attached to it. This type ofloan generally has a lower interest rate because the bank is taking a lower risk because it can collect the collateral if you default on payments. A securedloan is a good way to build credit.

You might be interested in
Anyone know the answer.
Brrunno [24]

Answer:

C

Explanation:

I think it's c because it was to call peace and establish protection for equal privileges for all countries trading with China.

4 0
2 years ago
What do we mean when we say that culture is acquired and not hereditary?
lyudmila [28]

Answer:

B)- It comes from our training as we grow up.

Explanation:

We are not genetically programmed to learn a particular culture. Every human generation potentially can discover new things and invent better technologies. The new cultural skills and knowledge are added onto what was learned in previous generations.

7 0
3 years ago
Who did the United state negotiate with to build the Panama Canal in 1903
Marina CMI [18]

Answer:

Colombia

Explanation:

3 0
3 years ago
Read 2 more answers
Who did most of the work on Pyramids
hoa [83]
The PYRAMIDS AND THE GREAT SPHINX rise inexplicably from the desert at Giza, relics of a vanished culture. They dwarf the approaching sprawl of modern Cairo, a city of 16 million. The largest pyramid, built for the Pharaoh Khufu around 2530 B.C. and intended to last an eternity, was until early in the twentieth century the biggest building on the planet. To raise it, laborers moved into position six and a half million tons of stone—some in blocks as large as nine tons—with nothing but wood and rope. During the last 4,500 years, the pyramids have drawn every kind of admiration and interest, ranging in ancient times from religious worship to grave robbery, and, in the modern era, from New-Age claims for healing "pyramid power" to pseudoscientific searches by "fantastic archaeologists" seeking hidden chambers or signs of alien visitations to Earth. As feats of engineering or testaments to the decades-long labor of tens of thousands, they have awed even the most sober observers.
4 0
3 years ago
What is one of the advantages of globalization?
MariettaO [177]
<span>Increased free trade and communication between nations, along with increased access to technology, media, education, healthcare, consumer goods, and other resources.</span>
3 0
3 years ago
Read 2 more answers
Other questions:
  • Why did the puritans establish the massachusetts bay colony
    10·1 answer
  • Who were the three main European rivals in North America?
    11·2 answers
  • Which branch of the legislature is made up of 100 members, 2 from each state
    5·2 answers
  • The EU is a partnership consisting of over 37 republican countries in Europe.
    7·1 answer
  • WHY did Germany choose to go the ​western side of Europe first?
    5·1 answer
  • Please discuss 3 accomplishments of John Quincy Adams.
    14·1 answer
  • Which of the following directly contributed to soil erosion on the Great Plains in the 1930s? railroads heavy rains farming home
    10·2 answers
  • To Great Britain, the signing of the Declaration of Independence was
    5·2 answers
  • Why is Valentine called a martyr?
    7·2 answers
  • How did the Union's capture of Port Hudson and the Confederates' surrender at Vicksburg harm the
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!