Q1. Your private company XYZ Inc. is borrowing $250,000 from your trusted Intermediary Bank and...
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Q1. Your private company XYZ Inc. is borrowing $250,000 from your trusted Intermediary Bank and as collateral security for the loan your company has pledged a variable charge over inventory and receivables and a fixed mortgage over the land and premises, machinery and equipment. Your company also provides staff with a benefits package relative to a future pension and medical and dental benefits. In one page maximum standard text, Compare and contrast what types of insurance coverage both health and property and casualty the bank and the company may require in addition to the collateral mentioned.
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