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 ?

Secure Computing Corporation (NASDAQ:SCUR), the experts in securing connections between people, applications, and networks(TM), today announced that the Secure Computing PartnersFirst(TM) channel program has added its 1,000th value added reseller.

Secure Computing Reaches 1,000th Partner Milestone with PartnersFirst Channel Program; More Than 75 Percent of Revenue Now Generated Through Worldwide Channel

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McAfee, Inc. Enhances New Secure Content Management Appliances with Secure Computing's SmartFilter Technology

Secure Computing Corporation (NASDAQ:SCUR), the experts in securing connections between people, applications and networks(TM), today announced that is has signed a definitive agreement to acquire all of the outstanding common stock of CyberGuard(R) Corporation (NASDAQ:CGFW), a global provider of security solutions that protect the business-critical information assets of Global 2000 enterprises and government organizations.

Secure Computing to Acquire CyberGuard, Creating Leader in Unified Threat Management Market; Transaction Expected to be Accretive in Second Full Quarter of Operations