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Title: Wondering Post by: MonkeyManofLife on November 06, 2016, 05:38:30 PM Hey, I am kind of new to bitcoin and was wondering what does "collateral" mean?
Title: Re: Wondering Post by: Lutpin on November 06, 2016, 05:41:11 PM http://lmgtfy.com/?iie=1&q=collateral+lending
Title: Re: Wondering Post by: xhomerx10 on November 06, 2016, 05:45:39 PM Hey, I am kind of new to bitcoin and was wondering what does "collateral" mean? It actually has nothing to do with Bitcoin at all. You are new to life as well aren't you? Title: Re: Wondering Post by: MonkeyManofLife on November 06, 2016, 05:47:20 PM Dang, you didn't have to be mean about it dumbass
Title: Re: Wondering Post by: xhomerx10 on November 06, 2016, 05:50:39 PM Dang, you didn't have to be mean about it dumbass No, it wasn't mean, I was simply implying that you are still young my friend. What you replied was mean. If you think I'm mean, wait until you go for your first loan from a bank. Title: Re: Wondering Post by: MonkeyManofLife on November 06, 2016, 05:53:34 PM Dang, you didn't have to be mean about it dumbass No, it wasn't mean, I was simply implying that you are still young my friend. What you replied was mean. If you think I'm mean, wait until you go for your first loan from a bank. Honestly, I don't take loans from a bank , I make my own money unless it is like bitcoin or something on the internet ok? Also, are you trying to be smart alic or some shit? Also, I am not very young, just don't take loans because I don't need them Title: Re: Wondering Post by: xhomerx10 on November 06, 2016, 05:54:08 PM Dang, you didn't have to be mean about it dumbass No, it wasn't mean, I was simply implying that you are still young my friend. What you replied was mean. If you think I'm mean, wait until you go for your first loan from a bank. Honestly, I don't take loans from a bank , I make my own money unless it is like bitcoin or something on the internet ok? Also, are you trying to be smart alic or some shit? Also, I am not very young, just don't take loans because I don't need them My condolences. Title: Re: Wondering Post by: MonkeyManofLife on November 06, 2016, 06:04:06 PM Dang, you didn't have to be mean about it dumbass No, it wasn't mean, I was simply implying that you are still young my friend. What you replied was mean. If you think I'm mean, wait until you go for your first loan from a bank. Honestly, I don't take loans from a bank , I make my own money unless it is like bitcoin or something on the internet ok? Also, are you trying to be smart alic or some shit? Also, I am not very young, just don't take loans because I don't need them My condolences. Can we just stop this is kid of getting annoying Title: Re: Wondering Post by: monbux on November 06, 2016, 07:47:02 PM Dang, you didn't have to be mean about it dumbass No, it wasn't mean, I was simply implying that you are still young my friend. What you replied was mean. If you think I'm mean, wait until you go for your first loan from a bank. Honestly, I don't take loans from a bank , I make my own money unless it is like bitcoin or something on the internet ok? Also, are you trying to be smart alic or some shit? Also, I am not very young, just don't take loans because I don't need them The point is that you should conduct a quick search before asking a question like this. The question of collateral and what it is has been brought up countless times before. You're better off asking google to define terms. Dang, you didn't have to be mean about it dumbass See, now that logic just makes no sense.Title: Re: Wondering Post by: SparkedDev on November 06, 2016, 11:09:14 PM Google is your friend
Title: Re: Wondering Post by: Vinz24 on November 07, 2016, 01:27:57 PM 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 protection for a lender against a borrower's default—that is, it can be used to offset the loan to any borrower failing to pay the principal and interest under the terms of a loan obligation.
Source Google It is the insurance of the lender that you will pay your loan. |