lainarahoitusvakuus
Lainarahoitusvakuus, often translated as loan security or collateral, refers to an asset or group of assets that a borrower pledges to a lender as security for a loan. In the event that the borrower defaults on the loan payments, the lender has the legal right to seize and sell the collateral to recoup their losses. This reduces the risk for the lender, making them more willing to extend credit and potentially offer more favorable loan terms, such as lower interest rates or larger loan amounts.
Common types of collateral include real estate (mortgages), vehicles (auto loans), and business assets like inventory
The legal framework surrounding lainarahoitusvakuus is crucial for both borrowers and lenders. It ensures that the