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valuable property owned by someone who wants to borrow money, which the person agrees will become the property of the lender (= person or business that lends money) if the debt is not paid back: She put up her house as collateral for the loan.
- Collateral
COLLATERAL translate: 擔保品，抵押品, 側，副（血管或神經）,...
- Polski
COLLATERAL definicja: 1. valuable property owned by someone...
- Collateralize
COLLATERALIZE definition: to give property as collateral for...
- Debt Deflation
debt deflation definition: the situation in which collateral...
- Collared
COLLARED definition: 1. past simple and past participle of...
- significado en inglés
a smaller blood vessel or nerve that grows out of the main...
- Collateral
As a noun, collateral means something provided to a lender as a guarantee of repayment. So if you take out a loan or mortgage to buy a car or house, the loan agreement usually states that the car or house is collateral that goes to the lender if the sum isn't paid.
/ kəˈlætərəl/ business. property or other goods that you promise to give someone if you are unable to pay back a loan. Garantía. Talk to an attorney, financial advisor, or someone else you trust before you make any decisions about borrowing money using your home as collateral.
- What Is Collateral?
- How Collateral Works
- Types of Collateral
- Examples of Collateral Loans
- The Bottom Line
Collateral in the financial world is a valuable asset that a borrower pledges as security for a loan. For example, when a homebuyer obtains a mortgage, the home serves as the collateral for the loan. For a car loan, the vehicle is the collateral. A business that obtains financing from a bank may pledge valuable equipment or real estate owned by the...
Before a lender issues you a loan, it wants to know that you have the ability to repay it. That's why many of them require some form of security. This security is called collateral, which minimizes the risk for lenders by ensuring that the borrower keeps up with their financial obligation. The borrower has a compelling reason to repay the loan on t...
The nature of the collateral is often predetermined by the loan type. When you take out a mortgage, your home becomes the collateral. If you take out a car loan, then the car is the collateral for the loan. The types of collateral that lenders commonly accept include cars—only if they are paid off in full—bank savings deposits, and investment accou...
Residential Mortgages
A mortgage is a loan in which the house is the collateral. If the homeowner stops paying the mortgage for at least 120 days, the loan servicer can begin legal proceedings, which can lead to the lender eventually taking possession of the house through foreclosure. Once the property is transferred to the lender, it can be sold to repay the remaining principal on the loan.
Home Equity Loans
A home may also function as collateral on a second mortgage or home equity line of credit (HELOC). In this case, the amount of the loan will not exceed the available equity. For example, if a home is valued at $200,000, and $125,000 remains on the primary mortgage, a second mortgage or HELOC will be available only for as much as $75,000.
Margin Trading
Collateralized loans are also a factor in margin trading. An investor borrows money from a broker to buy shares, using the balance in the investor's brokerage account as collateral. The loan increases the number of shares the investor can buy, thus multiplying the potential gains if the shares increase in value. But the risks are also multiplied. If the shares decrease in value, the brokerdemands payment of the difference. In that case, the account serves as collateral if the borrower fails t...
You risk losing your collateral if you fail to pay back your debt. So to ensure you keep your car, home, or any other valuable asset being used as collateral on a loan, always make your payments on time to minimize any possibility of defaulting on your debt.
- Julia Kagan
In the English description: after-aquired - issue preclusion - secure - secured bond - secured loan. Spanish: colateral - daño colateral - dejar en prenda - ejecución prendaria - heredero colateral - prenda. In Lists: Bank terms, Buying a house, more... Synonyms: parallel, lateral, coordinate, corresponding, side by side, more...
1. a. security pledged for the repayment of a loan. b. ( as modifier ) a collateral loan. 2. a person, animal, or plant descended from the same ancestor as another but through a different line. adjetivo. 3. situated or running side by side. 4. descended from a common ancestor but through different lines. 5. serving to support or corroborate. 6.
