PROPERTY SECURING A LOAN Crossword Clue
PROPERTY SECURING A LOAN Crossword Clue
We know 1 solutions for: PROPERTY SECURING A LOAN
Crossword Puzzle Infos
Collateral is a term used to describe property that is used to secure a loan. It is an asset that a borrower pledges to a lender as a way of guaranteeing repayment of the loan. If the borrower fails to repay the loan, the lender can take possession of the COLLATERAL and use it to cover the cost of the loan. COLLATERAL is often used in mortgages, auto loans, and other types of secured loans.
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