WebSynonyms for COLLATERAL: deposit, goods, holdings, stuff, property, pawn, effects, assurance; Antonyms of COLLATERAL: less, fewer, unrelated, unconnected, unassociated WebMar 17, 2024 · Collateral refers to an asset that a borrower offers as a guarantee for a loan, such as a mortgage. When you obtain the loan, the lender puts a lien on the collateral. The lien stipulates that the ...
COLLATERAL English meaning - Cambridge Dictionary
WebCollateral (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 … WebSep 25, 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 ... buckingham exceptional center
Collateral Definition, Types, & Examples - Investopedia
WebASC 860-10-20 defines collateral as personal or real property in which a security interest has been given. However, ASC 860-30 uses the term "collateral" more broadly than that definition would suggest. That is, if an exchange is accounted for as a secured borrowing, the transferred financial asset is considered collateral for financial ... WebDefinition of collateral as in deposit something that you promise to give someone if you cannot pay back a loan They put up their house as collateral for the loan. WebCollateral. Assets with monetary value, such as stock, bonds, or real estate, which are used to guarantee a loan, are considered collateral. If the borrower defaults and fails to fulfill the terms of the loan agreement, the collateral, or some portion of it, may become the property of the lender. For example, if you borrow money to buy a car ... credit cards cashback offers