Collateral (finance): Difference between revisions
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imported>Nick Gardner (New page: {{subpages}} <!-- Text is transcluded from the Collateral (finance)/Definition subpage-->) |
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Latest revision as of 09:07, 22 February 2010
Collateral (finance) [r]: An asset, or other property of a borrower, that a creditor is entitled by a loan agreement to receive if the borrower defaults on the terms of the loan. [e]
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