Alice secures the loan with collateral. At the end of the loan, Bob keeps the collateral.
But then Alice would like just as much to sell the collateral and not take part in the bet.
As I pointed out on the original post, if the collateral is something like a house, you can have your loan and live in it too.
Only assuming the collateral has no value. I wasn’t saying that Bob should take possession immediately, just a lien and/or the title.
Alice secures the loan with collateral. At the end of the loan, Bob keeps the collateral.
But then Alice would like just as much to sell the collateral and not take part in the bet.
As I pointed out on the original post, if the collateral is something like a house, you can have your loan and live in it too.
Only assuming the collateral has no value. I wasn’t saying that Bob should take possession immediately, just a lien and/or the title.