what is the difference between secured loan and unsecured
loan. please explain
Answers were Sorted based on User's Feedback
Answer / satyaki_raju@yahoo.com
Secured loan against security of property
Unsecured loan is a loan against faith of the loanee
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / sreeja madhana kumar
Secured lending is loan against property. for eg home loan,
vehicle loan. unsecured lending is loan without any
property. for eg credit card, personal loans.
In Secured lending, even if the debtor didnt pay back the
money, lend money can be recovered from property.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / roshni
Secured loan is loan against of property
and unsecured loan is loan taken from friends and reletives.
| Is This Answer Correct ? | 1 Yes | 1 No |
Expand ________DGFT
Expand-----BDAC
What is the difference between payable and accrual
why was started accounting year as on April 1st
Expand A T R
the total of a firm id a rs.6.4 lakh.he has gross profit margin 15% curre ratio of rs.2.5 the firm current libility is rs.96000,inventry, rs.48000 and cash rs 16000. determine the average inventry of firm iss 5 times determine the avg collectin period of opening balance.
what is the MIS Reports
What is meant by the Ficititious Assets?
honararium for the month of march 2013 can be paid on 31 mar 2013
Define the word Profit in terms of business
why did you want to join banking sectors?
What will be the journal entry for cheque receive as incim from xyz co. Without tds .and what will be the entry if same cheque deposited into bank ?