| collateral |
Property, stocks, bonds, savings accounts, life insurance and current business assets - any or all of which may be held or assumed to insure repayment of a loan.
Ãâó: www.onlinewbc.gov/docs/starting/glossary.html
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|---|---|
| collateral |
An asset (such as a car or a home) that guarantees the repayment of a loan. The borrower risks losing the asset if the loan is not repaid according to the terms of the loan contract.
Ãâó: nwmservices.com/glossary.shtml
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| collateral |
Property pledged to secure a loan.
Ãâó: marcelpolderman.com/reterms.htm
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| collateral |
By or at the side, additional or auxiliary. Mistakenly used to mean collateral security.
Ãâó: www.txtitle.com/sub_glos.htm
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| collateral |
Business or personal property that a borrower pledges to a lender as security to ensure repayment of a loan.
Ãâó: cobrands.business.findlaw.com/business_organizatio...
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