What Is The Meaning Of Primary Security In Bank?


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Anonymous Profile
Anonymous answered
Primary security means specific assets against which loan granted.In the case of term loan for factory building in this regards "Land' is primary security.
Further in the case of working capital loan , "stock and book debts" is considered as primary security and if any additional security provide other than "primary Security" it is called collateral security.
Chips Ters Profile
Chips Ters answered

To choose a bank to place a deposit, there are a number of important points - the reliability of the bank, its size and significance for the financial industry, the ratings of the credit institution, the branch network, etc. Here is an example Experts advise to consider all of them, stopping at a particular credit institution.

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