what is the difference between secured loan and unsecured
loan. please explain
Answer Posted / 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 |
Post New Answer View All Answers
What is Goods Lost by Fire/Accident/Theft ?
fiscal year variant Vs posting period variant
Hi, I am doing Data Entry jobs in Accounts. please let me know "How to maintain Medical stores accounts"?
WHAT IS CORPORATE ACTION?
Please suggest the manual records needed to be maintained at NGO/CBO to record the transactions of accounts & inventory. Please also mention the need & purpose of each records/books
what is the difference between planned and non planned budgt
What's the meaning of Preferential Creditor?
we can add the no. of increase in shares due to exercise of options,convertible debentures,warrants etc.Why diluted eps is calculated separately?
Explain howyou would account for the following items/situations,justifying answers by reference to the conceptual frameworks defintion and rcognition criteria. a)A trinket of sentimental value only b)You are the guarantor for your friends bank loan i) You have no reason to belive that your friend will default on the loan ii) As your friend is in serious financial dificulties,you think it is likely that he will default on the loan c)You receive 1000 shares in X Ltd,trading at $4 each,as a gift from a grateful client. d)The panoramic view of the coast from your cafes windows,which you are convinced attracts customers to your cafe
Q13. Journalise the following transactions: Proprietor withdrew for private use Rs.4000/- from bank and 6000/- cash. Goods Costing Rs.5000 was burnt by fire. Purchase Machinery for cash Rs.150000/- and paid Rs.2000/- on its Installation. Charge 5% Depreciation on building costing Rs.200000/- and 8% Depreciation on Furniture costing Rs.5000/-. Prepaid Salary Rs2000/- Kapil who owed us Rs20000/- become insolvent and nothing is received from his estate.
What is back value adjustment/correction in Nostro Reconciliations?
What is Purchase Requisition means? Why we used this in MM Module in SAP? what is t.code of it?
Expand-------NABT
What Is The Limitation Of Remuneration Allowed If Book Profit Is 375850 In A Business Firm And In A Professional Firm?
please send me last 3 years question & solution