22:48 Jan 26, 2018 |
Spanish to English translations [PRO] Bus/Financial - Finance (general) / Pawn shops | |||||||
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| Selected response from: Robert Carter Mexico Local time: 20:51 | ||||||
Grading comment
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Summary of answers provided | ||||
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3 +4 | secured loan |
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5 -1 | pledge |
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4 | pledged asset loan |
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4 | collateralized loan |
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Summary of reference entries provided | |||
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Discussion entries: 3 | |
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pledge Explanation: Pledge. ¡Saludos! |
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secured loan Explanation: I think even if it's from a pawnshop, this would be okay. It depends on the context really. A secured loan, is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan. The debt is thus secured against the collateral — in the event that the borrower defaults, the creditor takes possession of the asset used as collateral and may sell it to regain some or all of the amount originally loaned to the borrower, for example, foreclosure of a home. https://en.wikipedia.org/wiki/Secured_loan A pawnbroker is an individual or business (pawnshop or pawn shop) that offers secured loans to people, with items of personal property used as collateral. The items having been pawned to the broker are themselves called pledges or pawns, or simply the collateral. While many items can be pawned, pawnshops typically accept jewelry, musical instruments, home audio equipment, computers, video game systems, televisions, cameras, power tools and other relatively valuable items as collateral. https://en.wikipedia.org/wiki/Pawnbroker |
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