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Cross-Collateral

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Cross-Collateral
An agreement among project participants to pool collateral, to allow recourse to each other's collateral.

Cross-Collateral
1. In project finance, a pool of assets owned by several different persons and/or organizations that is collectively used as collateral on a loan.

2. Collateral on one loan that is also used as collateral on another loan. In the event of default, both creditors have a claim on the collateral.


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Other acts dress their albums with special guests in order to trade cross-collateral fanbases, and Jay-Z is no stranger to that approach.
Other firms have tried to reduce risk by limiting the concentration of their exposure to single counterparties, hedging and the use of cross-collateral arrangements.
If a person has borrowed from the same bank a home loan secured by the house, a car loan secured by the car, and so on, these assets can be used as cross-collaterals
 
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