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Collateral security is extra security provided by a borrower to back up his/her intention to repay a loan.
security for a loan or outside of what was intended (collateral damage)
Security is broader, including guarantees etc. Collateral is something specific that can be seized upon default, like a house, car, or shares.
In some cases, yes. But mostly - not. Something should be given as a collateral security - whether it is a written agreement or an item to be surrendered.
Collateral
A good collateral for a lease agreement would be a tangible property, such as a house, motor vehicle, financial collateral as well as intellectual security.
Collateral security is extra security provided by a borrower to back up his/her intention to repay a loan.
security for a loan or outside of what was intended (collateral damage)
Security is broader, including guarantees etc. Collateral is something specific that can be seized upon default, like a house, car, or shares.
Security is broader, including guarantees etc. Collateral is something specific that can be seized upon default, like a house, car, or shares.
In some cases, yes. But mostly - not. Something should be given as a collateral security - whether it is a written agreement or an item to be surrendered.
Lying alongside a debt
collateral for a loan
Collateral
Collateral.
The bank required me to provide collateral, such as my car, in order to secure the loan.
Prime security is the one which is funded by banks for raw material, power, finished goods etc are taken by bank as prime security. The collateral security, which is non-funded by banks. But in turn the borrower keep it as security with bank. Such as any mortgage, Fixed asset etc