pledged asset

Pledged Asset

An asset that a borrower transfers to the possession of a lender as collateral for a loan. The borrower maintains ownership and all associated rights of the pledged asset. When the loan is repaid, the lender transfers possession back to the borrower. The pledged asset reduces the risk to the lender that the borrower will default, therefore possibly qualifying the borrower for some benefit, such as a lower interest rate. When buying a house, some mortgage borrowers will pledge an asset, such as stock, to the lender to qualify for a lower down payment. See also: Secured loan.

pledged asset

An asset used as security for a loan.

单词	pledged asset
释义	DictionarySeepledge pledged asset Pledged Asset An asset that a borrower transfers to the possession of a lender as collateral for a loan. The borrower maintains ownership and all associated rights of the pledged asset. When the loan is repaid, the lender transfers possession back to the borrower. The pledged asset reduces the risk to the lender that the borrower will default, therefore possibly qualifying the borrower for some benefit, such as a lower interest rate. When buying a house, some mortgage borrowers will pledge an asset, such as stock, to the lender to qualify for a lower down payment. See also: Secured loan. pledged asset An asset used as security for a loan.
随便看	christopher walken christopher, warren m. christopher, warren minor christopher william bradshaw christopher william bradshaw isherwood christopher william bradshaw-isherwood christopher wren christophe willibald gluck christoph f elsner christoph friedrich nicolai christoph gluck christoph hermann von manstein christophine christophines christophite christoph martin wieland christophoros mytilenaios christophorus christophorus of mitylene christophorus of mytilene christoph scheiner christoph von gluck christoph von glueck christoph wieland christoph wilhelm hufeland