首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Secured loans involve the pledge of specific collateral. An example is a loan that is secured by a chattel mortgage on an automo
Secured loans involve the pledge of specific collateral. An example is a loan that is secured by a chattel mortgage on an automo
admin
2013-12-25
16
问题
Secured loans involve the pledge of specific collateral. An example is a loan that is secured by a chattel mortgage on an automobile or some other form of personal property. Pledged collateral for secured loans may consist of a variety of assets such as real estate, warehouse receipts, accounts receivable, plants and equipment, trust receipts, negotiable bills of lading, oil runs, corporate stocks, and bonds. The basic requirement of such assets is marketability. The main reason for requesting that a loan be secured is to reduce the bank’ s risk of loss in the event the borrower is unwilling or unable to repay the loan at maturity. Security does not assure that the loan will be repaid; however, it does reduce the risk, since the hank becomes a preferred creditor in the event of liquidation, and takes precedence over general creditors in the liquidation of any assets pledged to the bank as collateral.
The value of the assets securing a loan may deteriorate, and this deterioration, coupled with a forced sale, may not furnish sufficient funds to cover the indebtedness. In arranging security for a loan, it is imperative that the bank obtain the primary claim to the collateral and that its value be as great as, or greater than, the amount of the loan. Should the value of the collateral exceed the a-mount of the loan, and the bank be forced to liquidate it because of default on the part of the borrower, the excess is returned to the borrower. In the event the security is not sufficient to cover the loan, the bank can in some instances obtain, through court proceedings, a deficiency judgment for the difference. This entitles the bank to a claim on additional property or income, should the borrower have any. In recent years some states have enacted legislation limiting the use of deficiency judgments in the area of consumer lending. In most instances this has taken the form of eliminating the deficiency judgment when the loan is reduced below a certain level. The objective of limiting deficiency judgments was to reduce overcharging on consumer durable goods at the retail level. The limitation was later extended to lenders as well. Limiting the use of the deficiency judgment has increased the risk of lending and will eventually reduce the availability of credit to certain borrowers. Consumer credit will, to an increasing extent, be made available only to those borrowers who have a good, well-established credit record.
The bank’ s request for loan security is______.
选项
A、to make the loan more profitable
B、to make the loan more diversified
C、to reduce the loss in case of default
D、to guard against deterioration of loan collateral
答案
C
解析
文章第一段提到The main reason for requesting that…to repay the loan at maturity.银行在发放贷款时向借款人要求一定的抵押品,主要是为了降低风险,在借款人不能按时还款时,可以处置抵押品来降低贷款损失。
转载请注明原文地址:https://www.kaotiyun.com/show/yhid777K
本试题收录于:
FECT综合(现代金融业务)题库金融英语(FECT)分类
0
FECT综合(现代金融业务)
金融英语(FECT)
相关试题推荐
In1826,aFrenchmannamedNiepceneededpicturesforhisbusiness.Buthewasnotagoodartist.Soheinventedaverysimplec
Internet(因特网)useseemstocauseadecline(下降)inpsychological(心理的)health,whichisreportedbyastudy.Evenpeoplewhospen
BufordisthesmallesttownintheUS.ThetownishighinthemountainsanditliesontheroadbetweenNewYorkandCalifornia
Whatcreditriskassessmentisinvolvedinsoleproprietorshipandpartnershipcompanyloan?
Therelationshipbetweenthebankerandtheclientcanonlybeterminatedbytheclientwhoprovidesreasonabletimetotheothe
Thetargetdepositgivesthecustomergreaterflexibilityintheamountandthetimeperiodforthefundsbeingsaved.
Indocumentarycollection,theexporterspresentthedocumentsto______aftergoodshavebeenshipped.
trade,above,expiration,respond,strike,profitable,seller,how,most,financialIngeneral,anoptiongivestothebuyer
Acompanythathastheuseofavehicleuponpaymentofasumofmoneyonaregularbasisoveralongperiodoftimeisusingth
Portfoliomanagementisbecomingan【21】partofthecreditprocess.Inthemanagementoftheirportfolio,commercialbanksemphas
随机试题
祖辈能充分认识到抚育幼辈是社会赋予的天经地义的职责,积极支持子女集中精力干一番大事业,自己当好“后勤部长”。这体现了祖辈参与学前儿童家庭教育的()
范成大《四时田园杂兴》中“土膏欲动雨频催,万草千花一饷开。舍后荒畦犹绿秀,邻家鞭笋过墙来”写的是哪个季节的景象()
患者,女,25岁,已婚,尿频、尿急、尿痛2天,伴畏寒、发热、腰痛,肾区叩击痛。尿常规:白细胞20~30个/高倍视野,红细胞4~8个/高倍视野,蛋白(+)。可能诊断为
题25~29:某独立钢结构设备平台,其横向为框架结构,柱列纵向设交叉支撑,柱脚铰结(平板支座)。平台主次梁间采用简支平接,平台板采用带肋钢铺板,结构布置图详见图2-8。梁柱构件均选用轧制H型钢,全部钢材均为Q235-B,焊条采用E43型焊条。框架GJ-
水利工程建设监理单位资格等级为( )就可以承担各类水利工程建设监理业务。
在沃尔评分法中,沃尔提出的信用能力指数包含了下列财务指标中的()。Ⅰ.净资产/负债Ⅱ.营业收入/应收账款Ⅲ.营业成本/存货Ⅳ.流动比率
个人信用贷款主要依据借款申请人的个人信用记录和等级确定贷款额度。信用等级越低,信用额度越小。()
公民的基本义务也称宪法义务,是指由宪法规定的公民必须遵守和应尽的根本责任。我国公民的最高法律义务是()
当x>0时,f(lnx)=,则xf’(x)dx为().
Choosethecorrectletter,A,BorC.WhatdoesJimthinkaboutthedifferenceamongspeciesinnaturalandartificiallight?
最新回复
(
0
)