Business Studies, asked by srilathach, 7 months ago

can we use promissory note as collateral

Answers

Answered by prigoyal654

Answer:

A Promissory Note may be secured or unsecured. In case of a secured note, the borrower will be required to provide a collateral such as property, goods, services, etc., in the event that they fail to repay the borrowed amount. ... An unsecured loan is easy to get if one has a health credit score

Previous Question

Next Question

Similar questions

Math, 3 months ago

if A is more than B by 20%, by what percent is B less than A?

English, 3 months ago

One cannot ask a child to do it change into passive voice...

Social Sciences, 3 months ago

What we believe today about the past is influenced by what historians choose to notice and what they ignore. Note down one event or aspect of your own life which adults such as your parents or teachers may think is unimportant, but which you believe to be important. (Word limit: 100 words) ...

Math, 7 months ago

7190 students of a school had to stand in rows and columns where the number of rows and columns were the same. How many children were left out in such an arrangement? How many rows were made? Important!

Social Sciences, 7 months ago