Easy Office
LCI Learning

Secured or Unsecured loan

This query is : Resolved 
Profile Image

Profile Image

(Querist)
05 March 2009 Is the loan extended on the security of Bank guarantee treated as Secured or Unsecured loan and why?
Profile Image

HUZAIFA HUSSAIN

Profile Image

HUZAIFA HUSSAIN (Expert)
05 March 2009 HI RITU

LOANS CAN BE CLASSIFIED AS SECURED OR UNSECURED BASED ON THE SECURITY AVAILABLE. SECURITY HERE MEANS TANGIBLE SECURITY AND NOT PERSONAL GUARANTEE. HENCE IN URS CASE IT CAN BE CLASSIFIED AS UNSECURED LOAN

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links