Banks and other lenders like to get paid, and one of the best ways they have to ensure that they get paid is requiring collateral to secure payment of money a business borrows. Small-business owners ...
Learn how cross-collateralization affects your finances, especially with auto and mortgage loans. Protect yourself by understanding lender practices and key terms.
James Chen, CMT is an expert trader, investment adviser, and global market strategist. Doretha Clemons, Ph.D., MBA, PMP, has been a corporate IT executive and professor for 34 years. She is an adjunct ...
Cross-collateralization is when one asset secures more than one loan. It’s often used in real estate, business or personal lending to simplify the borrowing process. While cross-collateralization can ...