Chattel given as security for a debt. It may be delivered to the creditor or remain in the hands of the debtor.
A way of enforcing a principal or main agreement, this is a distinct obligation or responsibility that is added to a contract. The aim of collateral security is to ensure that a contract is adhered to.Collateral security may include transfer of assets, contracts, or real property in order to ensure that those signing the contract are highly motivated to keep the contract intact.
An additional security, for the better safety of a mortgagee, i.e. a chattel mortgage.
A separate obligation which is given to secure the performance of the primary obligation in a contract.
Additional security which GPFC may occasionally require in addition to a charge on the surgery premises. Collateral Security will usually consist of an Assignment of a life policy.
Security provided for a loan in addition to the principal security.
A separate obligation attached to another contract to guarantee performance of the contract.
Most commonly used to mean some security in addition to the personal obligation of the borrower.
Additional security that a borrower supplies to obtain a loan.
Additional security pledged and which may be resorted to in case of failure of the principal security.
A separate obligation attached to a contract to guarantee its performance; the transfer of property or of other contracts or valuables, to ensure the performance of a principal agreement.
Additional or supporting security given in addition to the principal security.
An obligation attached to a contract that guarantees it's performance.
Additional security supplied by borrower to obtain a loan.
In mortgaging, security given in addition to the direct security and subordinate to it.