www.mortgage-terms.co.uk



Home
Site Map

Compare
Finance
Debt
Casino


Collateral

The 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 Matches

Collateral security

Collateral security
Additional security a borrower supplies to obtain a loan.




Click to compare definitions of Collateral
Click to view definitions beginning co
  www.mortgage-terms.co.uk is a finance, business, investment and stock market resource of common mortgage words. Stamp Duty Calculator - Income Tax Calculator.