Collateral Types

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Across
  1. 3. Physical holding of an asset
  2. 4. Assets like gold, car, or shares
  3. 7. Asset given as security for a loan
  4. 10. Failure to repay loan
  5. 13. Loan secured by immovable property like land or house
  6. 14. Third person promises to repay if borrower fails
  7. 15. Process of getting back money from borrower
Down
  1. 1. Assets like land and buildings
  2. 2. Loan where asset is used but ownership stays with borrower
  3. 5. Movable asset given to lender and held as security
  4. 6. Legal claim created on asset for loan
  5. 8. Legal right of possession of asset
  6. 9. Valuable item owned by a person
  7. 11. Legal right of lender to keep asset until loan is repaid
  8. 12. Protection given to lender against default