Collateral is money or property which is used as a guarantee that someone will repay a loan. Most people here cannot borrow from banks because they lack collateral. = security. property or other goods that you promise to give someone if you cannot pay back the money they lend you = security
Property pledged as security for a debt, such as the real estate pledged as security for a mortgage
Something of value (land, a home, a car, etc ) that is pledged as security to ensure the payment of a debt Collateral is promised to a lender until a loan is repaid If the borrower defaults, the lender has the right, by law, to seize the collateral
Marketing collateral: printed materials to present business information, e.g. leaflets, folders, brochures, fliers, fact sheets, direct mail pieces
Something of value pledged as security for a loan In mortgage lending, the property itself serves as collateral for a mortgage loan
Property pledged as security for a debt The borrower risks losing the collateral if the debt is not repaid according to the terms of the loan contract
Stock or other property that borrowers are obliged to turn over to lenders if they are unable to repay a loan Collateral is important for companies that default on their debt In such cases, hard assets such plant, property and equipment can be repossessed and liquidated BACK TO TOP
Tending toward the same conclusion or result as something else; additional; as, collateral evidence
descended from a common ancestor but through different lines; "cousins are collateral relatives"; "an indirect descendant of the Stuarts"
Property that a borrower offers as security for a loan If the borrower does not repay their loan as promised, the lender may take the collateral from the borrower