Collateral Security

Business, Legal & Accounting Glossary

Definition: Collateral Security

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

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
Modern Language Association (MLA):
Collateral Security. Payroll & Accounting Heaven Ltd.
January 18, 2022
Chicago Manual of Style (CMS):
Collateral Security. Payroll & Accounting Heaven Ltd. (accessed: January 18, 2022).
American Psychological Association (APA):
Collateral Security. Retrieved January 18, 2022
, 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 | 64 Views.