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Does that story make sense? Why would an entity accept your very liquid shares in Apple rather than wanting a typical loan arrangement? The common example for
by jncfhnb 3y ago
Does that story make sense? Why would an entity accept your very liquid shares in Apple rather than wanting a typical loan arrangement?
The common example for this is for non liquid shares that you can’t really sell.
- hparadiz 3y agoWhen you apply for a mortgage they ask you to show all your assets regardless of how liquid they are. Having a high value brokerage account is a huge plus since they can go after it in the event of a foreclosure.
- jncfhnb 3y agoMortgages are generally not full recourse, meaning they can’t do that. The collateral is the house, not your assets.
- exe34 3y agoThat's how Elon bought Twitter. He didn't just have the cash lying around.
- jncfhnb 3y agoThat’s an uncommon situation for illiquid shares of people with huge stakes of their own companies