Cross-Collateral

(redirected from Cross Collateral)

Cross-Collateral

An agreement among project participants to pool collateral, to allow recourse to each other's collateral.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved