collateral

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Collateral

In the context of project financing, additional security pledged to support the project financing.

collateral

Assets pledged as security for a loan. In the event that a borrower defaults on the terms of a loan, the collateral may be sold, with the proceeds used to satisfy any remaining obligations. High-quality collateral reduces risk to the lender and results in a lower rate of interest on the loan.

Collateral.

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, the car is the collateral. If you default, the lender can repossess the car and sell it to recover the amount you borrowed.

Loans guaranteed by collateral are also known as secured loans.

collateral

Security for a debt.

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References in periodicals archive ?
Res judicata lays down the fundamental principle that one cannot collaterally attack flaws in a judgment's merits, whereas one can sometimes collaterally attack flaws in the court's authority to have rendered the judgment.
Collateral bar and contempt: challenging a court order after disobeying it
A defendant can always collaterally challenge his plea as not knowing or as involuntary.
Waiving prosecutorial disclosure in the guilty plea process: a debate on the merits of "discovery" waivers
Power outages hit Metro Manila's suburban Quezon City on Sunday night, said Pama, adding all these incidents came from collaterally affected areas away from the Typhoon's wrath.
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and, collaterally, its delimning of new forms of human association and organization.
Marx, John. Geopolitics and the Anglophone Novel, 1890-2011
Gould argued that, based on the bankruptcy court's holding, the IRS was collaterally estopped from asserting that he was not the grantor of the liquidating trust.
Proving fraud proves difficult for IRS
The government continues to seek international loans to maintain currency stability while collaterally increasing foreign debt.
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A large part of this came to be by collaterally borrowing money from his cash value life insurance.
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Norris was collaterally estopped from denying the civil fraud penalties for that year and the statute of limitation for assessment for that year remained open.
IRS nonacquiesces to Tax Court fraud holding
Reading about Trevor-Roper-Hitler chaser, Oxbridge don, occasional foreign correspondent, bomb thrower-means doing one's learning collaterally, like taking in the fine view on a train ride that gets you from here to there.
The last days of Hugh Trevor-Roper: how a historian who reveled in destroying the reputations of others ruined his own
If it's unethical to engage in prosecutorial misconduct, then isn't it also unethical to try to get someone to sign an agreement where they're waiving [the right to collaterally attack] prosecutorial misconduct?
Ethics panel examines plea waivers
Federal defendants can't collaterally attack prior state convictions used to enhance their sentences.
Court supervision after Padilla v. Kentucky

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