The term 'Alienation of Assets' refers to the sale or disposal of assets that form the security for a loan, and it often includes restrictions in loan agreements to protect lenders.
Comprehensive exploration of collateral in the financial world, detailing its importance, types, historical context, key events, mathematical models, and more.
Insurance that pays off a borrower's outstanding debts upon their death.
Floor Plan Insurance provides coverage for lenders who have accepted property on the floor of a merchant as security for a loan. The policy indemnifies the lender if the merchandise is damaged or destroyed, covering all risks.
Comprehensive guide on Mortgage Lien - an encumbrance on property used to secure a loan, including key definitions, types, priorities, historical context, and real-life applications.
A Spreading Agreement is a legal arrangement that extends the collateral of a loan to include multiple properties, thereby offering enhanced security to the lender.
A Trust Certificate is an instrument issued to finance the purchase of railroad equipment, under which trustees hold title to the equipment as security for the loan.
