0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is the difference between collateral and pledge?
There is not much difference between collateral and pledge. If you put something up as collateral, if you fail to pay the loan, the item that you pledged will be taken. Either word can be used.
What kind of collateral is used for a personal loan?
It depends on the type of personal loan. It is possible to get a loan using only a good credit score as collateral. If you do not have good credit, it is still possible to get a loan without collateral, but you can expect to pay a much higher interest rate. It is also possible to use a vehicle or property as collateral.
Why bankers require collateral from borrowers?
incase people will pay back ability to pay back
Can a financed car be used as collateral for a loan?
Since the car is financed, it already is collateral for a loan. Your car loan uses the car as collateral for that loan. I think the only way for you to use the car as collateral for a different loan is to have the NEW lender pay off your car loan, tack the ammount of the car loan on to the new loan you are getting, therefore they would then be the leinholder on the car.
How a mortgage works?
It's a loan in which the house functions as the collateral. If you don't pay your mortgage (fixed amount agreed upon) then you lose your house (the collateral).
Is severance pay taxable in Philippines?
Is severance pay taxable in the philippines
Is the lack of severance pay consider a market failure?
No. Severance pay is not a legal requirement and is a provision employers give to assist their employees when laid off. If no severance pay, then the employer chose not to give one.
You might get taxed on your severance pay but what is taxed with a severance tax?
Anything mined
What is the difference between severance pay and a retention bonus?
They pay a retention bonus to get you to stay on the job. They pay you severance pay when they let you go. [Retain/Sever]
Do you tithe on severance pay?
yes
How do you become entitled to severance pay?
No one is ever entitled to severance pay. Severance pay is either a listed benefit from the employer or not. It is the employer's decision to give severance, however, severance should be written into the first contract the employee signs if it is a benefit. It is important to ask possible new employers about severance before signing a contract. Depending on how important that back-up is to you, you can go forth with the company or not. This article goes into more detail on severance pay and other aspects such as its relation to obtaining unemployment benefits.
Is in lieu of notice pay the same as severance pay?
Yes it is.
Do you have to declare severance pay as income?
Yes. You were paid, you pay.
Can you collect unemployment and severance pay at the same time in Missouri?
According to the Related Link below, severance pay will not affect your unemployment benefits.
What has the author Lois Elizabeth Forde written?
Lois Elizabeth Forde has written: 'Severance pay plans' -- subject(s): Severance pay
Does a company have to pay severance if you were fired in New Jersey?
No. Severance is paid at the company's discretion. Severance could be part of an employment contract. If there is a contract and the conditions for severance were met, then it must be paid.
Is severance pay considered wages?
Yes.
