Collateral Security

Business, Legal & Accounting Glossary

Definition: Collateral Security

Full Definition of Collateral Security

Collateral security is extra security provided by a borrower to back up his/her intention to repay a loan.

Such security is likely to be documentation (deeds) giving right of title to the property, which the lender may take over and sell to repay the loan if the borrower does not keep up the mortgage payments.

Cite Term

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Page URL
Modern Language Association (MLA):
Collateral Security. Payroll & Accounting Heaven Ltd. September 22, 2021
Chicago Manual of Style (CMS):
Collateral Security. Payroll & Accounting Heaven Ltd. (accessed: September 22, 2021).
American Psychological Association (APA):
Collateral Security. Retrieved September 22, 2021, from website:

Definition Sources

Definitions for Collateral Security 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: 15th February, 2020 | 53 Views.