Central KS | SquareG - 12/3/2016 17:46
pulled this from the link above
• Depreciation of Collateral. Collateral the borrower has posted has depreciated
below a certain predetermined threshold value (often set at the initial value of the
collateral).
Does this part essentially mean that if you use machinery as collateral, your loan can be called at any time? Machinery is (almost) always going down, so that provision would kick in as soon as you signed the note. |
Calling bank loans
