collateralize

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Collateralize

To offer an asset as a surety that a debt will be repaid. The asset may be kept by the lender until the debt is repaid, or the borrower may maintain possession with the proviso that the lender may take possession of the borrower defaults. For example, one collateralizes a mortgage loan with the real estate one purchases with the loan. If the loan is not repaid, the lender has the right to seize the real estate in question. See also: Lien.

collateralize

To pledge an asset as security for a loan. A loan to a broker is collateralized by pledging securities.
References in periodicals archive ?
In recent testimony before the Aviation Subcommittee of the House Committee on Transportation and Infrastructure on Aviation Security, Andreas Kotowski, Rapiscan's Chief Technical Officer, recommended that the Secure 1000 be implemented as a key security measure because its technology can disclose all types of contraband concealed on the body, even under clothing and hair, including plastic weapons, ceramic weapons, and explosives; not only metallic items.
The Secure 1000 is an unparalleled solution for the detection of potential threats that are carried on a person's body," said Deepak Chopra, Chairman and CEO of OSI Systems.