| collateral |
Stocks, bonds, evidence of deposit, and other marketable properties which a borrower pledges as security until a loan is repaid. In mortgage lending, the collateral is the specific real property being financed.
Ãâó: www.lisc.org/twin_cities/resources/development_680...
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|---|---|
| collateral |
An asset that is promised or given to a creditor (a factor or a financial institution) to guarantee the discharge of an obligation by the debtor. Upon default, the creditor may seize the asset and sell it to pay off the loan.
Ãâó: www.factorfunding.com/newsinfo/glossary.htm
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| collateral |
An asset that secures the repayment of a loan.
Ãâó: www.absolutelowestrates.com/glossary/default.asp
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| collateral |
Something of value - securities, evidence of deposit or other property - pledged to support the repayment of an obligation.
Ãâó: www.tdbanknorth.com/bank/glossary_sb.html
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| collateral |
Something given to secure a loan or as a guarantee of performance.
Ãâó: absolute-futures.com/forex/glossary.html
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