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"Collateral damage" is a term for any incidental and undesired death, injury or other damage inflicted, especially on civilians, as the result of an activity. Originally coined to describe military operations, [ 1 ] it is now also used in non-military contexts to refer to negative unintended consequences of an action.
Drivers with bad credit can get a MasterCard with a $10,000 limit. ... where drivers borrow money using their car as collateral, ... say $500, as collateral and they allow you to use the card to ...
Some of these loans may also require collateral. Bad credit loans are a type of personal loan designed specifically for consumers with lower credit scores — typically under 670.
This collateral might be equipment, invoices or property. Providing personal or business collateral makes a lender feel more confident in giving a loan to an applicant with a risky credit profile.
In lending agreements, collateral is a borrower's pledge of specific property to a lender, to secure repayment of a loan. [ 1 ] [ 2 ] The collateral serves as a lender's protection against a borrower's default and so can be used to offset the loan if the borrower fails to pay the principal and interest satisfactorily under the terms of the ...
"Collateral" in this meaning can be easily extended to include goods, landmarks, property or otherwise material things that could be held "hostage" in addition to people. "Collateral damage" in this sort of situation refers to "damage to anything being held as collateral, which occurs during the course of attempting to resolve the situation."
Collateral can even help business owners with bad credit qualify for a loan. How business collateral works There are several things to know about using collateral to secure a loan.
He might also hand over his son as collateral. Although the bondsman might be subjected to humiliation and abuse, as a legal citizen he was supposed to be exempt from corporal punishment. Nexum was abolished by the Lex Poetelia Papiria in 326 BC, in part to prevent abuses to the physical integrity of citizens who had fallen into debt bondage. [40]