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- Real Estate Glossary - C
- Collateral
Collateral
- By Zitrof Real Estate
- Published 05/9/2009
- Real Estate Glossary - C
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Collateral is a Borrower's asset offered to secure or guarantee a loan to a Creditor.
Collateral becomes subject to seizure on Default.
For example, when you buy a property and get a mortgage, the property is a collateral offered to the lender in case of default.
For example, when you buy a property and get a mortgage, the property is a collateral offered to the lender in case of default.
