collateral


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Related to collateral: Collateral security

Collateral

Related; indirect; not bearing immediately upon an issue. The property pledged or given as a security interest, or a guarantee for payment of a debt, that will be taken or kept by the creditor in case of a default on the original debt.

That which is collateral is not of the essence. Collateral facts are facts that are not independently provable from, and that are not directly relevant to, issues in a Cause of Action. Collateral heirs are those individuals who are not directly related to the deceased through consanguinity. Similarly, collateral ancestors are uncles and aunts, as contrasted with direct ancestors, such as parents and grandparents.

collateral

1) n. property pledged to secure a loan or debt, usually funds or personal property as distinguished from real property (but technically collateral can include real estate). 2) adj. referring to something that is going on at the same time parallel to the main issue in a lawsuit or controversy which may affect the outcome of the case, such as adoption of a new federal regulation or a criminal trial of one of the parties.

collateral

1 something that is independent of another but relates to the same subject matter, thus, the phrases collateral agreement or collateral guarantee.
2 of the same family line although not in the direct descent.

COLLATERAL, collateralis. From latus, a side; that which is sideways, and not direct.

HEIR, COLLATERAL. A collateral heir is one who is not of the direct line of the deceased, but comes from a collateral line; as, a brother, sister, an uncle and aunt, a nephew, niece, or cousin of the deceased.

References in periodicals archive ?
The CEO is required to obtain a reverse guarantee from his bank that the collateral will be returned intact to the collateral owner even if the corporation defaults on the facility.
Berger and Udell (1990) examine the role of collateral in explaining credit risk of 460 US banks and find that collateral is most often associated with riskier borrowers; hence riskier loans and banks.
Although the latter provides that the value of the collateral should be discounted to present value when considering whether a plan provides for adequate payments to a creditor, Section 506 is determinative for the purpose of making the initial valuation.
In return, PRI reduces its claim on collateral to SEK182m for a period up to 30 September 2020.
If not paid, noteholders will receive the proceeds of the collateral liquidation and if the proceeds are insufficient to meet their claims in full, they will continue to rank as unsecured creditors of Barclays Bank.
The registry will contain information on personal valuables that were used as collateral as an assurance for banks and lenders that any collateral being offered to them has not yet been used for another loan.
Today, it is clear that well-developed collateral blood flow in patients with AIS slows down the cascade of metabolic degeneration in the penumbra tissue and is associated with smaller brain infarctions, better reperfusion of ischemic tissue and more favorable outcomes after intravenous thrombolysis and/or mechanical thrombectomy [10, 18].
The Land Registration Authority has already established the automated collateral registry, which is now ready to accept information and be accessed by borrowers and lenders.The Securities and Exchange Commission is also drafting regulations regarding the operation of warehouses which are interested to join the secured transactions system.
Forty-five (23.7%) patients had good collateral development and 145 (76.3%) patients had poor collateral development.
TFC is now providing three types of collateral to interested clients: Bank Instruments, Bankable Collateral, and Collateralized Funding.
balance among the three parties: the collateral source is compensated
It's been no different with Fannie Mae's Collateral Underwriter.