Phrases with «loan collateral»

"Loan collateral" refers to an asset or property that a borrower pledges to a lender as a guarantee to secure a loan. If the borrower fails to repay the loan, the lender can seize the collateral and sell it to recover the money lent. Full definition

Related phrases

Sentences with «loan collateral»

  • Many lenders will even accept life insurance policies as loan collateral, and a policy that does not require a medical exam presents a more streamlined way of securing a loan. (aig.com)
  • The banks will often require you to purchase a business loan collateral life insurance policy. (lifewealthwin.com)
  • If you need coverage for loan collateral or just to protect your family's financial future, you need to look at this product. (ljmlifeinsurance.com)
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