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Phrases with «additional collateral»

"Additional collateral" refers to an extra form of security or assets that are pledged to a lender to secure a loan, in addition to the original collateral. It is used to provide additional assurance to the lender if the primary collateral is not enough to cover the loan amount in case of default. Full definition

Sentences with «additional collateral»

  • In the case of default by the project operator, the lenders may take control over the collection of revenue, or may seize the assets specifically pledged or others pledged as additional collateral. (tradeready.ca)
  • The thing that very few realize is that tax troubles may be the catalyst for additional collateral damage that often follows in the aftermath. (entrepreneur.com)
  • The mortgage will be a lien on the subject property, so adding additional collateral does not help unless the mortgage is underwater. (money.stackexchange.com)
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