Banking for Beginners

Cover Banking for Beginners
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A also gives B (or puts in the hands of a third party) securities which shall be used to reimburse B if he, A, fails to pay the note when due. Suppose A fails to pay and the securities sell for $1, 500. Then B will have to return to A $500 less interest on the note (if there is any). Thus giving collateral makes security more specific.
98 BANKING FOR BEGINNERS w H O > S ^ LM X a o (- 1 "o o . Ti a 5 . Ii "■ S tl 1 ^ in t: o u u *^ o . 2 ft i ;c; i T3 1 non- r pri irther his N R '^ i . T!
...en the c o of t pom 4 O te, upon at publi d withoi ayment res a a- a> 0^ bfl > o c a it, o « i -d i . >.
0) o 3 e the holder of this the Broker's Board, the debt due thereon, y be necessary, to th o H u N +J rt \ ° ■g "■ o 6 O Uc "^

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