collateral

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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 periodicals archive ?
Indeed, the idea of collaterally attacking jurisdiction originated in medieval England, where royal courts struggled for power against local and ecclesiastical courts.
2 billion per year, or approximately one-third, while collaterally constricting unemployment-insurance eligibility requirements such that, as of 1999, less than 40 per cent Canada's unemployed qualified for benefits.
99) Defendants also cannot waive their right to collaterally attack their plea on the basis of ineffective assistance of counsel, even though in many jurisdictions they can waive their right to appeal other issues.
It is axiomatic--and the Kamilewicz defendants did not deny--that absent class members can collaterally attack a judgment rendered by a court that lacks either subject matter or in personam jurisdiction.
Furthermore, Balisok was not seeking to collaterally attack the revocation of the good-time credits, but instead wanted damages for procedural violations.
This section of the business plan sets forth the primary short-term objectives in the development of the case (including timing), the relationship between anticipated steps in preparing and litigating the case, accumulating leverage, and objectives that may be collaterally related to the particular case.
While Longinus indicates in this opening section how he intends to improve Caecilius' effort and collaterally introduces the assumption that the sublime is a function of the individual phusis, he somewhat surprisingly does not get around to suggesting the context in which this hupsos may actually prove "useful" nor the sort of people who may benefit from his "methods.
Collaterally, he also promoted the establishment of a "Clearing House" for terminal activity with cooperation of I.
Wazco's eSON-powered MetroCells are collaterally deployment-friendly, OpEx-friendly, and designed to minimize operator churn.
We conclude these arguments constitute an improper attempt to collaterally attack the mortgage, and we therefore decline to consider them.
support services, and related assistance for adult, youth, and child victims of sexual assault, family and household members of victims, and those collaterally affected by the sexual assault.
Te explained that the question of the order's constitutionality should not have been acted upon because 'this matter was only collaterally raised' by Greenpeace in its bid to halt the Bt talong trials.