Phylum: Arthropoda. Class: Arachnida. Order: Araneae. Family: Theraphosidae. Genus: Brachypelma. Species: B. vagans. Domain: The Redrump Tarantula belongs to the domain Eukarya because it obtains a true nucleus, and membrane bound organelles. These same traits can be seen in many organisms we know even wasabi! Learn more about wasabi.
In simple words, collateral is an asset which borrower pledge to the lender as a security against the loan. In case borrower failed to pay back the loan amount to the lender, lender can sell the asset to recover his loan amount hence reduces the risk of lender.
A: You have more control over when you leave your house, and the lender usually receives more. money through a short sale than a foreclosure or âREOâ (pos t-foreclosure) sale. The difference. between what you owe and the amount of money the lender receives from the sale can be, but is. not automatically, forgiven.