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Secured Loan
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 satisfy the debt by regaining the amount originally lent to the borrower, for example, foreclosure of a home. From the creditor's perspective this is a category of debt in which a lender has been granted a portion of the bundle of rights to specified property. The opposite of secured debt/loan is unsecured debt, which is not connected to any specific piece of property and instead the creditor may satisfy the debt against the borrower rather than just the borrower's collateral.
There are two purposes for a loan secured by debt. In the first purpose, by extending the loan through securing the debt, the creditor is relieved of most of the financial risks involved because it allows the creditor to take the property in the event that the debt is not properly repaid. In exchange, this permits the second purpose where the debtors may receive loans on more favorable terms than that available for unsecured debt, or to be extended credit under circumstances when credit under terms of unsecured debt would not be extended at all. The creditor may offer a loan with attractive interest rates and repayment periods for the secured debt.
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- google makes moves russian spies iphone woes
Google tops headlines with rumors about the company's social-networking plans, more changes it made in China and an acquisition during what proved to be a slower-than-usual week
Source : http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/07/02/urnidgns852573C40069388000257754004FD655.DTL - big brother google spies chick in thong video
Check out what google maps has picked up. Watch Video about Google,Thongs,Spies by Metacafe.com
Source : http://www.metacafe.com/watch/631313/big_brother_google_spies_chick_in_thong/ - google spies on congress? maybe congress should lock its wifi
Google Spies on Congress? Maybe Congress Should Lock Its Wifi - Advocacy group Consumer Watchdog released a report this week claiming that "Google's WiSpy snooping could have
Source : http://techblips.dailyradar.com/story/google-spies-on-congress-maybe-congress-should-lock/ - watch out google spies at your door daily mail this is money
A privacy row has erupted as web giant Google starts sending cameras down every street to build online picture database
Source : http://www.thisismoney.co.uk/news/article.html?in_article_id=447087&in_page_id=2 - another quot;secretquot; way google spies on your private lives the
Danny Sullivan of Advertising Age spotllights another systematic Google privacy invasion in his great new article: "Google's latest power grab." Check this out: "Millions have
Source : http://www.precursorblog.com/node/375
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