The phrase
"collateral charges" refers to additional fees or expenses that are tied to a loan or financial agreement. These charges are often associated with a specific asset or property that is used as collateral for the loan.
Full definition
Synonyms for individual words can be found below.
«collateral»
«charges»
Sentences with «collateral charges»
- Instead, you will likely need to pay fees to discharge your existing collateral charge mortgage and register a new one with the new lender. (bridgewaterbank.ca)
- The ease of switching to another lending product by using the existing collateral charge without paying extra fees. (canadianmortgageadvisor.ca)
- A reasonable and balanced explanation of collateral charge mortgages is another example. (dustanwoodhouse.ca)
- (see all
sentences)