alt Hacker NewsWhen you put it like that, you make it sound reasonable! The house being collateral for the debt seems in a blurry way to be "the house owes the debt".
When you put it like that, you make it sound reasonable! The house being collateral for the debt seems in a blurry way to be "the house owes the debt".
That's pretty blurry, though. Blurry enough that we don't distinguish between the collateral and the borrower.