- COLLATERAL Definition Meaning - Merriam-Webster
As a noun, collateral means something provided to a lender as a guarantee of repayment So if you take out a loan or mortgage to buy a car or house, the loan agreement usually states that the car or house is collateral that goes to the lender if the sum isn't paid
- Collateral - Definition and Examples - Investopedia
What Is Collateral? Collateral is a valuable asset that a borrower pledges as security for a loan For example, when a homebuyer gets a mortgage, the home serves as the collateral
- COLLATERAL | English meaning - Cambridge Dictionary
COLLATERAL definition: 1 valuable property owned by someone who wants to borrow money, that they agree will become the… Learn more
- Collateral - Definition, Collateral Value, Security Liens
What is Collateral? Collateral is an asset pledged by a borrower, to a lender (or a creditor), as security for a loan
- COLLATERAL Definition Meaning | Dictionary. com
Collateral definition: property or other assets pledged by a borrower as security for the repayment of a loan See examples of COLLATERAL used in a sentence
- Collateral | Definition, Types, Uses in Finance and Law
Collateral refers to property or assets that borrowers pledge to lenders as security for a loan Lenders can take possession of the collateral if the borrower does not repay the loan according to the terms of the agreement
- Collateral - Definition, Meaning Synonyms | Vocabulary. com
It's what you promise to give someone if you don't repay a loan, like the car you put up as collateral when you take a loan out from the bank As an adjective, collateral can refer to something indirect or off to the side, like collateral damage
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