0

In other words, a collateral value has been estimated more than its real value. Is there a term for this type of collateral? Is the term "over-declared collateral" correct in this sense?

  • was this over-declaration at the start of the loan, or was it because it lost value during the period of the loan? – mhoran_psprep Jun 23 at 11:43
  • At the start of the loan. – Leila Ahmadi Jun 23 at 14:42
  • Was it knowingly over-declared or a genuine error in estimation? – TripeHound Jun 24 at 7:24

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Browse other questions tagged or ask your own question.