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Anonymous Posted 13 years ago
Grammar

take a loan against

3 different things 'take a loan against' , 'loan money against', 'pledge your home against a loan'.

What does it mean to 'take a loan against'?

Could you correct this for me please?
1 I took out a loan against my home.

What does it mean to 'loan money against'?

Could you correct this for me please?
1 Many banks will loan money on/against newer model cars which are paid off and the owner is in possession of the title.

What does it mean to 'pledge your home against a loan'?

Could you correct this for me please?
1 I pledging my home against a loan for a start up business.

2 Why pledge two homes for the loan against only one?
Why pledge two homes against a loan for only one?
  

Top answer

It means to use somethiing for collateral, or security, against a loan -- what you'll give the loaner if you fail to repay.

  • It means to use somethiing for collateral, or security, against a loan -- what you'll give the loaner if you fail to repay.
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1 Answers
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It means to use somethiing for collateral, or security, against a loan -- what you'll give the loaner if you fail to repay.

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