Business, Legal & Accounting Glossary
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.
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.
Definitions for Additional Collateral are sourced/syndicated and enhanced from:
This glossary post was last updated: 20th November, 2021 | 0 Views.