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
25
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.
If the value of the pledged asset is greater than the amount of the loan ,______is entitled to have the excess.
选项
A、the lending bank
B、the borrower
C、the guarantor
D、the guarantee
答案
B
解析
文章第二段提到the bank be forced to liquidate it…to the borrower.在贷款发生违约、银行处理抵押品时,如果抵押的资产价值高于贷款的金额时,银行只能收取贷款金额的相应部分,超过部分应由借款人获得。
转载请注明原文地址:https://kaotiyun.com/show/Ahid777K
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
Whenyouareinvitedtoattendapartyinthewest,thefirstimportantthingyouneedtoknowisarrivinglate.Itisagre
Mr.Blackwasyoungandable.Thebosslikedhim.LastmonthhewassenttoChinaonbusiness.BeforehewentbackfromChina,h
Farmersdonotlikecrows(乌鸦)becausethesebirdseatnewly-plantedseeds(种子).Theyareafraidthattheywillnothaveanythingl
Whatkindofexerciseburnsthemostcaloriesaccordingtothechart?
BufordisthesmallesttownintheUS.ThetownishighinthemountainsanditliesontheroadbetweenNewYorkandCalifornia
BufordisthesmallesttownintheUS.ThetownishighinthemountainsanditliesontheroadbetweenNewYorkandCalifornia
Canaloanbesecuredbythegoodswhichisjustimported?
(a)Whatisindorsementofbillsofexchange?(b)Howmanytypesarethere?Writeshortnotesonthem.
CheckingaccountsIntheUnitedStates,checkingaccountsareavailableonlyatcommercialbanks.Commercialbanksspecializ
ApplyingforamortgageSusanThomasandherhusbandAlanhavedecidedtobuyahouse.Theyhaveseenonethattheylikeand
随机试题
对照所给的汽车标志,请选择对应的品牌顺序为_______。①劳斯莱斯②奔驰③斯柯达④起亚
目前,我国社区人口一般约有
对输卵管妊娠患者进行护理评估时,描述正确的是
剖面详图中,剖到的主梁数量合计为:
【2005年第89题】图6-7所示为钢梯,下列对踏步板作用的表述,哪种表述方式最准确?
下列关于利用专家工作的说法中,不正确的有()。
阅读下面的古诗,完成下列问题。溪居即事崔道融篱外谁家不系船,春风吹入钓鱼湾。小童疑是有村客,急向柴门去却关。根据诗歌,下列理解和判断,不正确的一项是()。
视频题(视频画面简述):一个屏幕两个画面,其中一个是候车大厅,另一个是火车站卫生间,一男子带着一名小女孩,男子去厕所,将小女孩独自留在外面。男子如厕后,小女孩被人带走,该男子出来后找不到小女孩。请描述一下视频中人物的基本特征以及他是如何作案的。
黑洞一直被认为是星体命运的终点,简单点儿说,当星体消耗完最后一丝能量的时候,要么分裂,然后被别的星球“吞食”;要么浓缩成一个可怕的黑点,“吞食”一切经过它的物质和能量。黑洞是一种体积极小、质量极大的天体,具有强大的引力。黑洞是看不见的,因为它的引
It’sallannualback-to-schoolroutine.Onemorningyouwavegoodbye,andthat【56】eveningyou’reburningthelate-nightoilins
最新回复
(
0
)