The phrase
"cash collateral" refers to money or cash that someone uses as security or protection for a loan or debt. It means that if the person cannot repay the loan, the lender can take the
cash collateral to recover their money. It's like a guarantee for the lender.
Full definition
Synonyms for individual words can be found below.
«cash»
«collateral»
Sentences with «cash collateral»
- By securing the card with cash collateral, the credit card issuer's risk is limited. (creditabsolute.com)
- In exchange for my borrowed stock, they provide cash collateral and pay me interest, which they describe as a sharing of the fees they charge the borrower of the stock. (money.stackexchange.com)
- You provide cash collateral (usually around $ 300 - $ 500), which becomes your line of credit. (protective.com)
- (see all
sentences)