what is the difference between secured loan and unsecured
loan. please explain

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Received credit note for Rs 3500 towards transport charges on the goods supplied from Vinod traders. The transport charges were already paid at the time of delivery. Pass entries at the time of payment of transport and for credit note

1689


What is the journal entry for Call and a Put option both in the books of buyer and seller

9354


Exapnd--------RAN

1743


WHY LOSS IN BUSINESS IS SHOWN IN ASSETS SIDE OF BALANCE SHEET? WHY EXCISE DUTY IS DEDUCTED FROM THE GROSS SALES TO ARRIVE NET SALES? WHY SALES TAX IS NOT DEDUCTED FROM SALES TO ARRIVE NET SALES?

2041


What is Acquisition?

2042






Comments Elements in accounting

1405


what is cost accountinp

1749


My balance sheet is tallied. But there is a difference of RO 1 in cash flow. How to adjust ?

1543


What does stand for EPD,MIS? Can anyone tell me briefly n clearly about this?

1852


what is CDD’s configuration

1778


Expand---------OST

1739


Why are there 30 blue-chip companies only considered in bombay stock exchange.And why those thirty only effect the sensex

1732


What problems might be encountered if there were no accounting standards?

2464


what is absorbtion coasting?

1851


What is intangiable asset?Which contents are to be verified during cheking the Transporters' bills?

1729