What does primary collateral mean?

Answer When someone applies for a loan, the bank often requires "collateral"--something the bank can take if the customer does not pay back the loan. According to the Small Business Administration, "prima... Read More »

Top Q&A For: What does primary collateral mean

What does collateral usage mean in photography terms?

How Does Using Money As Collateral Work on a Car Loan?

Generally, when you take out a car loan you use the car being financed as the collateral for the loan, which means that the lender can repossess the car if you default on your loan payments. Howeve... Read More »

Does Citizens Bank Have Car-Title Collateral Loans?

Citizens Financial Group, Inc. is a $132 billion commercial bank holding company, according to its official website. It is headquartered in Providence, Rhode Island, but has more than 1,500 branche... Read More »

What is collateral?

When determining whether or not to grant a loan, banks consider the risk involved or the likelihood that the institution will suffer a loss as a result of lending the money. One way that banks mini... Read More »