HomeSite MapCompareFinanceDebtCasino CollateralThe mortgage definition for Collateral:The property or other asset which the lender can sell to repay the loan if the borrower does not keep up the mortgage payments. In most cases, the home is collateral on a mortgage. If the borrower fails to repay the loan, the property will be repossessed. Similar MatchesCollateral securityCollateral securityAdditional security a borrower supplies to obtain a loan. Click to compare definitions of Collateral Click to view definitions beginning co |