It's a question related to my job.
When I want to make an arrangement with a debtor and it is a long term proposal. How can I said that I nedd to have guaranties to be sure that this company is going to fulfill with the arrangement? In spanish we usually ask for something in "prenda" or "garantía hipotecaria"

Question

It's a question related to my job.
When I want to make an arrangement with a debtor and it is a long term proposal. How can I said that I nedd to have guaranties to be sure that this company is going to fulfill with the arrangement? In spanish we usually ask for something in "prenda" or  "garantía hipotecaria"

Answer

Hi Noelia:

I think you are looking for some terminology referring  to   COLLATERAL which can secure the loan. Any property the borrow has, can SECURE the loan.  If they fail to repay,  you get to keep their property.

Answers · 2

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