Cross-collateralization
id:
cross-collateralization-263-4916356
title:
Cross-collateralization
text:
Cross-collateralization is a term used when the collateral for one loan is also used as collateral for another loan. If a person has borrowed from the same bank a home loan secured by the house, a car loan secured by the car, and so on, these assets can be used as cross-collaterals for all the loans. If the person pays off the car loan and wants to sell the car, the bank may veto the deal because the car is still used to secure the home loan and other loans. Technically, cross-collateralization
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Cross-collateralization
date created:
date modified:
2023-08-06T02:07:28Z
main entity:
{"identifier":"Q5188121","url":"https://www.wikidata.org/entity/Q5188121"}
image:
fields total:
13
integrity:
13