Question
Collateral is a backup source of repayment, and should not be used to approve a loan by itself. Loans granted on the basis of collateral
Collateral is a backup source of repayment, and should not be used to approve a loan by itself. Loans granted on the basis of collateral are subject to risk that the collateral is overvalued and the bank might not be able to control the collateral or obtain clear title.
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Reforming The Governance Of The Financial Sector
Authors: David Mayes , Geoffrey Wood
1st Edition
0415686849, 978-0415686846
