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You are traveling at 55 mi/h along the +x-axis relative to a straight, level road and pass a car that is traveling at 45 mi/h. The relative velocity of your car to the other car is
Security for a Loan
Collateral or assets pledged by a borrower to secure a loan, providing a lender assurance of repayment.
Blanket Liens
A security interest covering nearly all types of collateral owned by the debtor.
Compensating Balance
A minimum balance that must be maintained in a bank account, often required by banks in return for loans or as a condition for obtaining certain services.
Effective Annual Cost
This term refers to the total cost of borrowing on an annual basis, including interest and any fees, taking compounding into account.
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