Het onderpand
Example: De bank vroeg om een onderpand voor de lening.
Definition
"Het onderpand" refers to an asset or property offered as security for a loan, ensuring the lender can claim it if the borrower fails to repay. For example, a bank may require "het onderpand" to protect its investment in the loan.
Etymology
The term "het onderpand" comes from Dutch, where "onder" means 'under' or 'sub-' and "pand" means 'property' or 'pledge.' Originally, it referred to something given under or beneath as security. Did you know that the concept of pledging assets as "onderpand" has been a foundational practice in finance for centuries?
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"Het onderpand" appears in the Vocaplus list "Dutch - Finance - (A1-C2) - set 1", containing 150 commonly used words.
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