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Trustworthy collateral are the assets readily marketable, posses stable rate and not likely to disappear / perish.
Any Land or Building that can fetch more value than the loan maturity amount will be considered as trustworthy collateral.
Mortgage of valuable property, pledge of stocks and lien on saving certificates are trustworthy collaterals.
Personal guarantees:
The personal guarantee the intervention of another person other than the borrower and pledged to repay the loan (the capital of the borrower and the benefits of the loan and as well as) the cost, and in the case of the debtor's bank stopped payment can be found on the individual guarantor, the latter is the bank to pay the debtor in the case of his inability to meet its obligations on the due date, and on this basis Profile a guarantee can not be done by the debtor personally, but it requires the intervention of a third person to act as a guarantor, and in the context of practice, we can distinguish two types of personal guarantees: Guaranty and reserve warranty.
Warranty:
Bail is a kind of personal guarantees, under which a particular person committed to the implementation of the debtor's obligations to the bank, as he can not fulfill these obligations at maturity solutions.
It is clear that the sponsorship is the current goal is to reserve a reaction against the bad possibilities in the future, and can not be pre-schooler intervene effectively unless the bad and of the inability of the debtor to fulfill its obligations direction of the bank realized the possibilities.
Due to the importance of personal bail collateral should give him great interest, and the requirement that they be in writing and including the medical accuracy and clarity of commitment, and this should be clearly affects all essential aspects of commitment and, in particular, of the following elements:
- The subject of warranty.
- Duration of the warranty.
- The person of the debtor. (Sponsored person).
- The person Foster
- The importance and limitations of liability.
And it, sponsorship remains a reaction Rezai and Vahid side, and is the face of consensual in that the acceptance of the role of the sponsor is not subject to any form of legal forms and familiar, and the unilateral reflected in the sponsorship agreement does not liberate only one copy of an item.
Property or fixed assets mortgaged, stock pledged or any other viable asset that doesnt lose its value over the duration of the loan can be termed as a trustworthy collateral.
Mortgage of valuable property
AGREE WITH ALL ANSWER
in my point of view It would be anything that could be easily liquidated to pay off the loan. So it would have to be worth at least as much as the loan is for, not likely to depreciate or lose value over the term of the loan, and not be difficult to sell if necessary.
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