collateral
collateral
Finance dictionary of financial terms
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Economics and finance
Definition of collateral
collateral: The items used by a borrower to back up a loan, any assets against which a lender has a legal claim if the borrower defaults on some provision of the loan.
Source : http://foba.lakeheadu.ca/hartviksen/2039/Finance%20Dictionary.doc
link: http://foba.lakeheadu.ca/
Author : not indicated on the source document of the above text
Finance dictionary of financial terms
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Definition and meaning of collateral
Meaning of collateral
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