LOAN SECURITY Crossword Clue
LOAN SECURITY Crossword Clue
We know 2 solutions for: LOAN SECURITY
Crossword Puzzle Infos
Loan security is a form of financial protection for lenders, which involves the use of an ASSET as collateral and a LIEN on the ASSET. The ASSET is used to secure the loan, and the LIEN is a legal claim that gives the lender the right to take possession of the ASSET if the borrower fails to repay the loan. This type of security helps to protect the lender from potential losses due to default.
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