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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 (finance) In lending agreements, collateral is a borrower's pledge of specific property to a lender, to secure repayment of a loan. [1] [2] The collateral serves as a lender's protection against a borrower's default and so can be used to offset the loan if the borrower fails to pay the principal and interest satisfactorily under the ...
collateral line n. (law: shared ancestry) línea colateral loc nom f. collateral loan n. (loan: secured) préstamo con garantía prendaria o hipotecaria grupo nom. préstamo con aval grupo nom. The bank will give you a collateral loan if you give them stocks or bonds for security.
8 de jun. de 2021 · 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 is used in various contexts, including loan agreements, legal proceedings, and financial markets.
collateral. ( kɒˈlætərəl; kə-) n. 1. (Banking & Finance) a. security pledged for the repayment of a loan. b. ( as modifier ): a collateral loan. 2. (Biology) a person, animal, or plant descended from the same ancestor as another but through a different line.
Word Origin late Middle English (as an adjective): from medieval Latin collateralis, from col-‘together with’ + lateralis (from latus, later-‘side’). Sense (1) of the noun (originally US) is from the phrase collateral security, denoting something pledged in addition to the main obligation of a contract.
23 de feb. de 2024 · Collateral is a property or other asset that a borrower offers as a way for a lender to secure the loan. If the borrower stops making the promised loan payments, the lender can seize the ...
