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collateral
by 趙永祥 2016-03-17 07:23:07, Reply(0), Views(336)


Secondary, subordinate, or supplementary item accompanying a primary item. // Specific asset (such ...
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TERM OF THE DAYMARCH 16, 2016
collateral
f   t

1. Secondarysubordinate, or supplementary item accompanying a primary item. 
2. Specific asset (such as land or building) pledged as a secondary (and subordinate) security by aborrower or guarantor. The principal security is usually the borrower's personal guaranty, or the cash flow of a business. Except for highly creditworthy customers (who can get loans against only their signatures) ... Read more

USAGE EXAMPLE
When letting Sarah borrow my camera, I wanted her to give me her laptop as collateral in case she lost or damaged it.
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