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Additional Details
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Ziggyman | What is collateral???????????????... |
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Gem
 |
Depends on the usage.
Collateral can mean an asset used as guarantee for a loan. Like you use your paid for house to finance another loan.
Or, it can mean advertising brochures, etc.
The company's collateral is unprofessional and shoddy. |
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kegy411
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collateral is like something you give someone to make sure your going to get their thing in return for example i say let me borrow your phone and then you ay give me your shoe for collateral |
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betch
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lets say you borrow something from somebody,
you let them hold something of yours with equal
or greater value to make sure they get there stuff back. |
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Poison Berry
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it is when you put somethin up to get somethin else and if you dont pay it get took by the repo man!!!!!!!! |
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gh0stlee
 |
A security or guarantee (usually an asset) pledged for the repayment of a loan if one cannot procure enough funds to repay; Marketing collateral: printed materials to present business information, e.g. leaflets, folders, brochures, fliers, fact sheets, direct mail pieces; Of a family ...
or a 2004
movie with tom cruise |
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GEEE L
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Its like if you ask someone for something like money or just anything you want to boorrow collateral would be something of value of yours that they would hold until you paid them back or returned what you borrowed |
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bob.integrity
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Collateral is something you put up of value to take out a loan.
For example in a home equity loan the house would be collateral. In a business loan you could borrow against your
equipment. |
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JM
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Assets pledged by a borrower to secure a loan or other credit, and subject to seizure in the event of default. also called security.
basically it's something you put up to secure a loan. say you need a car loan, you can put up your house for collateral but if you default on the car, they can take your home. |
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EcoBunny.com
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An object you give to something that is worth about the same as the object you borrow from someone.
1 : a collateral relative
2 : property (as securities) pledged by a borrower to protect the interests of the lender
3 : a branch of a bodily part (as a vein) |
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mejustbeingme
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google it!!! WIKEPEDIA....or whatever thats called is the best to find out exactly what questions you have about it....okay, sorry i couldnt help ya out more! |
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Glintar E
 |
Collateral is stuff that gets in your blood and makes it hard to get bank loans. you should eat cheerios to lower it, then you get a better credit rating and can finally get that nice house on the hill, or take that trip to Burundi... Also i would suggest eating more fibre, because then you can have a stronger metabolism, and therefore, higher interest rates. |
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deafult0011
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your posessions that are held against you in the event you renig on a deal or a loan. Like the bank can use your car as collateral for a loan you are taking out for mortgage or personal. |
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Peace be steel!
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It is what you OWN that you can borrow AGAINST. Hope that helps. |
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Ophelia B
 |
http://en.wikipedia.org/wiki/Collateral
so in other words a collateral is a tool for the banks to protect themselves say when you take out a loan, in case you fall default (fail to pay timely dues), they'll have your collateral to fall back on, which can be a property or asset or both--like your home your money.
do not fall default. |
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linda s
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collateral is something of value that is taken by banks to secure a loan
collateral could be a house or car or certificate of deposit
if you default on the loan the bank will keep the collateral |
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mgm
|
Collateral is something that you put up for security when you apply for some loans. For example, if you are looking to take out a loan for a house, you may be required to put up your car as a guarantee that you won't default on your loan. In the event of a loan default, the bank will then own your car in this example. Hope that helps. |
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emilymay8603
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Collateral (finance) in finance means a security or guarantee (usually an asset) pledged for the repayment of a loan if one cannot procure enough funds to repay. Can also be an exchange for voting rights.
col·lat·er·al /kəˈlætərəl/ Pronunciation Key - Show Spelled Pronunciation[kuh-lat-er-uhl] Pronunciation Key - Show IPA Pronunciation
–noun 1. security pledged for the payment of a loan: He gave the bank some stocks and bonds as collateral for the money he borrowed.
2. Anatomy. a. a subordinate or accessory part.
b. a side branch, as of a blood vessel or nerve.
c. collateral circulation.
3. a relative descended from the same stock, but in a different line.
–adjective 4. accompanying; auxiliary: He received a scholarship and collateral aid.
5. additional; confirming: collateral evidence; collateral security.
6. secured by collateral: a collateral loan.
7. aside from the main subject, course, etc.; secondary: These accomplishments are merely collateral to his primary goal.
8. descended from the same stock, but in a different line; not lineal: A cousin is a collateral relative.
9. pertaining to those so descended.
10. situated at the side: a collateral wing of a house.
11. situated or running side by side; parallel: collateral ridges of mountains.
12. Botany. standing side by side.
http://dictionary.reference.com/browse/collateral |
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Elli
|
Collateral (finance)
In lending agreements, collateral is a borrower's asset that is forfeited to the lender if the borrower is insolvent—that is, unable to pay back the principal and interest on the loan. When insolvent, the borrower is said to default on the loan, in which case the lender becomes the owner of the collateral. In a mortgage, for instance, the real estate being acquired with the help of the loan serves as collateral. Should the buyer fail to pay mortgage interest, the ownership of the real estate is transferred to the bank in the process known as foreclosure.
or
Concept of collateral
Collateral, especially within banking, may traditionally refer to secured lending (also known as asset-based lending) as well as more recently as collateralisation arrangements to secure trade transactions (also known as capital market collateralization). The former often presents unilateral obligations, secured in the form of property, surety, guarantee or other as collateral (originally denoted by the term security), whereas the latter often presents bilateral obligations secured by more liquid assets such as cash or securities, often known as margin. Another example might be to ask for collateral in exchange for holding something of value until it is returned (e.g., I'll hold onto your wallet while you borrow my cell phone).
In many developing countries, the use of collateral is the main way to secure bank financing. The ease of acquiring a loan depends on the ability to use assets, whether real estate or any other, as collateral.
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