Side Collateral

Side Collateral

Collateral that only covers a portion of the value of a loan. For example, one may pledge a $10,000 certificate of deposit to cover a $50,000 loan. Side collateral lessens the risk of a loan, but not as much as full collateral.
References in periodicals archive ?
14 However in our patients interrupted IVC was joined with both side collateral paravertebral veins at the level of the renal veins and the collateral paravertebral veins were draining into the azygos vein (Figure-2).
Similarly, guaranties and/or side collateral posted by third parties may be unavailable.
A commercial bank had gotten a neighborhood strip center as side collateral for a loan to a furrier, and the latter was having problems.