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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
collateral
(parent phrase)
to seize
(parent phrase)
to seize the collateral
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)
See also
Definition of TO SEIZE THE COLLATERAL
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