Übersetzungen für „collateral loan“ im Englisch » Russisch-Wörterbuch

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collateral loan SUBST FIN

collateral loan

ссу́да f под обеспе́чение

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Englisch

Traditional mortgages are secured directly by the property, whereas collateral loans such as lines of credit are promissory notes with the property pledged as collateral.

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As well, lenders charge monthly interest on collateral loans, while interest on traditional mortgages is calculated semi-annually (the more frequently interest is calculated, the more interest you pay).

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That loan similarly becomes a collateral loan which can't be transferred easily, not only because it's a floating rate, but also because it's a floating balance.

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A title loan is a type of collateral loan that uses the borrower's vehicle title to secure the loan.

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