Phrases with «to seize the collateral»

"To seize the collateral" means to take possession of an asset or property that was put up as security for a loan or debt, when the borrower fails to meet their obligations. Full definition

Sentences with «to seize the collateral»

  • Consequently, if you are unable to pay back the loan, your lender will seize your collateral in order to pay the balance. (excelcapmanagement.com)
  • However, the lender may seize the collateral if you fail to repay your loan. (valuepenguin.com)
  • In the case you aren't able to pay back the loan, the lender will seize this collateral as payment. (studentloanhero.com)
  • (see all sentences)
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