Collateral Assignment

Business, Legal & Accounting Glossary

Definition: Collateral Assignment


Collateral Assignment


Full Definition of Collateral Assignment


Use of a life insurance policy to secure a loan. Should the policyholder default on the loan, the creditor could recoup the interest on the loan from the policy.


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/collateral-assignment/
Modern Language Association (MLA):
Collateral Assignment. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 28, 2021 https://payrollheaven.com/define/collateral-assignment/.
Chicago Manual of Style (CMS):
Collateral Assignment. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/collateral-assignment/ (accessed: November 28, 2021).
American Psychological Association (APA):
Collateral Assignment. PayrollHeaven.com. Retrieved November 28, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/collateral-assignment/

Definition Sources


Definitions for Collateral Assignment 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.