Concept information
Preferred term
collateral
Definition
- Collateral refers to assets given or pledged as security for payment of a loan. Houses, cars, and other types of property are examples of tangible assets used as collateral. [Source: Encyclopedia of Business in Today's World; Collateral]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/collateral
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