This is a good being lent against. It is what the lender will accept as security for a particular loan. It typically takes the form of real estate or other kinds of assets that will correlate to the purpose of the loan. Once the borrower fails to pay their loan, the lender has the right to seize assets and sell it to recover a part or all of their losses.
Collateral
This is a good being lent against. It is what the lender will accept as security for a particular loan. It typically takes the form of real estate or other kinds of assets that will correlate to the purpose of the loan. Once the borrower fails to pay their loan, the lender has the right to seize assets and sell it to recover a part or all of their losses.
