NEBAI Meaning and
Definition
-
Nebai is a term that refers to a legal provision or a type of financial guarantee required by banks or lenders when they issue a loan or extend credit to a borrower. The term is most commonly used in the context of commercial or business loans.
A Nebai clause or provision typically requires a borrower to pledge additional collateral or assets to secure the loan, over and above the primary collateral that is normally pledged. These additional assets are held in reserve by the bank or lender as a form of security, to be used to cover the outstanding debt in the event of default or bankruptcy by the borrower.
Nebai provisions are commonly seen in loan agreements related to larger or riskier transactions, where the lender wants additional assurance of repayment. The purpose of these provisions is to strengthen the lender's position and protect their interests by ensuring that there are sufficient assets or resources available to cover the loan in case of default.
The term "Nebai" is derived from the French phrase "ne bougez pas" which means "don't move". It signifies the concept of the lender wanting the additional collateral provided by the borrower to remain in place, untouched or unencumbered until the loan is fully repaid or the agreed-upon conditions are met.
Overall, Nebai refers to a type of financial guarantee or additional collateral required by lenders to secure a loan, providing them with added protection and increasing the borrower's obligation to repay the debt.
Common Misspellings for NEBAI
- jebai
- nwbai
- ndbai
- n4bai
- n3bai
- nevai
- nebaj
- nebak
- neba9
- neba8
- bnebai
- nbebai
- mnebai
- nmebai
- jnebai
- njebai
- hnebai
- nhebai
- nwebai
- newbai
