Define: Collateral Security

UK Accounting Glossary

Definition: Collateral Security



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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.


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Collateral Security. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. March 31, 2020 https://payrollheaven.com/define/collateral-security/.
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Collateral Security. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/collateral-security/ (accessed: March 31, 2020).
American Psychological Association (APA):
Collateral Security. PayrollHeaven.com. Retrieved March 31, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/collateral-security/

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.