Additional Collateral

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Definition: Additional Collateral

Additional Collateral
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Full Definition of Additional Collateral

Request from lender for more assets to secure a loan obligation. Assets are used as collateral to reduce the risk for the lender should the borrower default. If contract terms allow, the lender can ask for more assets throughout the loan period if it appears there is an increased risk of default.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/additional-collateral/
Modern Language Association (MLA):
Additional Collateral. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 18, 2024 https://payrollheaven.com/define/additional-collateral/.
Chicago Manual of Style (CMS):
Additional Collateral. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/additional-collateral/ (accessed: April 18, 2024).
American Psychological Association (APA):
Additional Collateral. PayrollHeaven.com. Retrieved April 18, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/additional-collateral/

Definition Sources

Definitions for Additional Collateral are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.