2007-02-20 07:07:10 · 4 answers · asked by kooljule75 1 in Business & Finance ➔ Renting & Real Estate
This is a first for me but I would imagine that a naked loan is one that is not hedged (i.e. collateralized). So in effect, a naked loan is essentially an unsecured loan.....
2007-02-20 08:04:17 · answer #1 · answered by boston857 5 · 0⤊ 0⤋
A naked loan is when you borrow money and the lender can take everything you own, including the clothes off your back, if you fail to comply with the loan terms. Nahh, just kidding...but I could not resist this one. Other loans you may want to consider are the "first born" loan, the "castration" loan, or the "cut throat" loan. Sorry, just having a little fun.
2007-02-21 13:02:52 · answer #2 · answered by Derrick L 2 · 0⤊ 0⤋
For Credit and finance solutions I always visit this site where you can find all the solutions. http://personalfinancesolutions.info/index.html?src=5YAyupqlHD761
RE :What is a "naked" loan?
Follow 3 answers
2017-04-05 17:23:27 · answer #3 · answered by ? 6 · 0⤊ 0⤋
You get naked. I lend you money?
Probably just means it's not secured by any collateral, like a home or car.
2007-02-20 08:12:43 · answer #4 · answered by Yanswersmonitorsarenazis 5 · 0⤊ 0⤋
No such animal.
2007-02-20 07:18:06 · answer #5 · answered by Gray Matter 5 · 0⤊ 0⤋