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Finance Dictionary and Glossary of Investment Terms
Collateral
Definition 1.
Asset than can be repossessed if a borrower defaults.
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Definition 2.
Properties or assets that are offered to secure a loan or other credit. Collateral becomes subject to seizure on default.
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Definition 3.
Assets pledged by a borrower to secure a loan or other credit, and subject to seizure in the event of default. also called security.
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