Business, Legal & Accounting Glossary
A type of insurance that allows lenders to guarantee the value of property that is being used as collateral for a loan. The property is usually professional appraised before the certificate of guarantee is released. The insurance also allows lenders to recoup a certain amount of money if the property must be sold.
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.
Definitions for Collateral Value Insurance are sourced/syndicated and enhanced from:
This glossary post was last updated: 20th November, 2021 | 0 Views.