Collateral: Canada Debt .ca defines Collateral

Bankruptcy Term Collateral

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Canada Debt has the definition to the bankruptcy and debt term Collateral. Finding answers to terms such as Collateral can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Collateral in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Collateral' is used as follows:

Property that has been given or committed in order to guarantee a loan.