COLLATERAL MEANING
Collateral Meaning
Collateral Collateral is a tangible asset that is used as security for a loan or other debt. It can be, for example, a car, a house, or even a piece of land. Types of Collateral: Real estate: Land and buildings. Personal property: Automobiles, appliances, electronics, jewelry. Investments: Stocks, bonds, mutual funds. Chattel paper: Government securities […]
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