collateral


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Related to collateral: Collateral security

collateral

(kəlăt`ərəl), something of value given or pledged as security for payment of a loan. Collateral consists usually of financial instruments, such as stocks, bonds, and negotiable paper, rather than physical goods, although the latter may also be accepted as such. In case of default, the creditor may sell the collateral and apply the money thus acquired to payment of the debt, charging the debtor with any deficiency or crediting him with any surplus. The borrower may usually substitute other collateral for that held by the lender if it is acceptable to the latter. Such a privilege is particularly useful to borrowers who buy and sell securities. Merchandise collateral—such as negotiable warehouse receipts, bills of lading, and trust receipts—is also used, as is personal collateral, including deeds, mortgages, leases, and other rights in real estate. Other collateral may include bills of sale of movable goods, such as crops, machinery, furniture, and livestock, and savings-bank passbooks.

collateral

[kə′lad·ə·rəl]
(anatomy)
A side branch of a blood vessel or nerve.

collateral

1. a person, animal, or plant descended from the same ancestor as another but through a different line
2. descended from a common ancestor but through different lines
References in classic literature ?
If they smashed and all the collateral they held of his was thrown on the chaotic market, it would be the end.
Were it worth the enquiry, it would be found that more than a just proportion of the renowned names of the mother- country are, at this hour, to be found in her ci-devant colonies; and it is a fact well known to the few who have wasted sufficient time to become the masters of so unimportant a subject, that the direct descendants of many a failing line, which the policy of England has seen fit to sustain by collateral supporters, are now discharging the simple duties of citizens in the bosom of this republic.
He enlarged at some length and with great minuteness upon divers collateral circumstances, distantly connected with the anecdote in hand, but for the life of him he couldn't recollect at that precise moment what the anecdote was, although he had been in the habit of telling the story with great applause for the last ten years.
Being always on the defensive toward her own sisters, it was natural that she should be keenly conscious of her superiority, even as the weakest Dodson, over a husband's sister, who, besides being poorly off, and inclined to "hang on" her brother, had the good-natured submissiveness of a large, easy-tempered, untidy, prolific woman, with affection enough in her not only for her own husband and abundant children, but for any number of collateral relations.
BNY Mellon's Collateral Universe encompasses collateral management solutions including segregation, optimization, aggregation, securities financing, liquidity management, consulting, derivatives lifecycle management and reporting.
Chartis, a research and advisory firm that provides technology and business advice to the global risk management industry, analyzed a range of collateral management solutions for their completeness and market potential.
collateral requirements for alien reinsurers can be mitigated by the availability of an optional federal charter.
Approximately 62% ($303 million) of the collateral was purchased at closing with the balance ($186 million) coming from Capital Trust's existing portfolio.
3) in the other 29% of cases, dye was distributed ipsilaterally to the side of carotid artery injection despite ligation of the lingual artery on the injected side, implying ipsilateral collateral contributions.
The pieces in an effective collateral package will complement your sales strategy and each other.
The list of eligible collateral includes Treasury and federal agency securities, gold certificates, Special Drawing Right certificates, and foreign currencies, the items in bold print on the left side of the balance sheet in appendix A.
They've shown that the targets of collateral axons secrete soluble factors that penetrate the parent axon and induce it to branch at that site.