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In case of a LAP, a mortgage loan is created where a property is available to the bank as security against the loan, which is an appreciating asset. In case of vehicle loan, the mortgage is created on the vehicle but it being a depreciating asset, the risk of recovery in case of default is still high. In case of LAS, the security is a volatile asset (shares value can change substantially) while credit card is an unsecured personal loan where credit risk is high.
On 12th November every year we celebrate _______ day?
Which mineral is predominantly found in the Amarkantak plateau in Chhattisgarh?
Who has been recently appointed as the Vice President of AIIB(Asian Infrastructure Investment Bank)?
Which State in India was the largest sugarcane producer (2015-16)?
World Rabies Day is observed every year on which day?
Which state in India currently holds the highest literacy rate?
Where is the Indira Gandhi National Centre for the Arts (IGNCA) located?
‘Shamsher Khan’ who passed away recently, is associated with __________
Which state will host its first international martial arts game?
When is World Homeopathy Day celebrated annually?