Phrases with «acceptable collateral»

The phrase "acceptable collateral" refers to something valuable that a borrower pledges to a lender as security for a loan. If the borrower is unable to repay the loan, the lender can take possession of the collateral to recover their money. The collateral should have enough worth or value to be accepted by the lender as a guarantee. Full definition

collateral (parent phrase)
acceptable (parent phrase)

acceptable collateral

Sentences with «acceptable collateral»

Most financial assets that can be seized and sold for cash are considered acceptable collateral, although each type of loan has different requirements. (valuepenguin.com)
Loan for which some form of acceptable collateral, such as a house or automobile has been pledged. (smartcredit.com)
Commercial vehicles, salvage titled vehicles, and certain others are not acceptable collateral for secured loans. (gobankingrates.com)
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Phrases with «acceptable collateral»

Sentences with «acceptable collateral»

See also