| collateral |
This usually consists of tangible assets such as real estate, equipment, accounts receivable, or inventory. Sometimes intangible assets such as patents, company name, or future cash flow can be used as collateral. Often a borrower's guarantee, either corporate or personal, is required. Loans having collateral are called secured loans, collateral-based financing, equipment-based financing, real estate financing or asset-based financing. ...
Ãâó: londonmanhattan.net/bfterminology.htm
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| collateral |
Property that is offered to secure a loan or other credit and that becomes subject to seizure on default. (Also called security.)
Ãâó: 1-debt-consolidation-loans-and-services.org/glossa...
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| collateral |
Property acceptable as security for a loan or other obligation.
Ãâó: www.free-credit-report-free-credit-report.net/cred...
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| collateral |
Property pledged as security for a debt, such as real estate as security for a mortgage.
Ãâó: www.loanjargon.com/jargon.htm
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