Collateral Security

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Definition: Collateral Security

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.

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-security/
Modern Language Association (MLA):
Collateral Security. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
May 18, 2024 https://payrollheaven.com/define/collateral-security/.
Chicago Manual of Style (CMS):
Collateral Security. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/collateral-security/ (accessed: May 18, 2024).
American Psychological Association (APA):
Collateral Security. PayrollHeaven.com. Retrieved May 18, 2024
, 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 | 0 Views.