The term "collateral value" refers to the assessed or estimated worth of an asset that is pledged as security for a loan. It represents the value that the lender would be able to recover if the borrower fails to repay the loan. Full definition
Floor rate on auto loans is 2.99 % Subject to normal credit, underwriting and collateral value guidelines. (firstmarkcu.org)
Our extensive national database of manufactured home sales and manufactured home communities enables us to provide you with accurate, comparable based, and community adjusted collateral values that you can depend on. (datacompusa.com)
However, the assigned collateral value is normally closer to the «fire - sale» value rather than fair market value. (thebalancesmb.com)