collateral security


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See: binder, deposit, mortgage

COLLATERAL SECURITY, contracts. A separate obligation attached to another contract, to guaranty its performance. By this term is also meant the transfer of property or of other contracts to insure the performance of a principal engagement. The property or securities thus conveyed are also called collateral securities. 1 Pow. Mortg. 393; 2 Id. 666, n. 871; 3 Id. 944, 1001.

References in periodicals archive ?
If a policy under which insured's spouse is the named beneficiary has been assigned as collateral security, will the full amount of the life insurance proceeds qualify for the marital deduction?
A member bank shall use the standard flood hazard determination form developed by the Director of FEMA when determining whether the building or mobile home offered as collateral security for a loan is or will be located in a special flood hazard area in which flood insurance is available under the Act.
Garantiiaja collateral security is provided by the contracting pangagarantiikirjana or deposit accoun
Zami Aberman, Pluristem CEO states, "This allows us considerably more financing flexibility because until over 75% of the debentures were converted to common stock, we were prevented from pursuing certain types of financing arrangements and our assets were encumbered as collateral security for repayment of the debentures.
Deposits and Guarantees required: The holder is exempt from the provision of a demand guarantee or a personal or collateral security.
As a condition of the April financing, we were prevented from pursuing certain types of financing arrangements and our assets were encumbered as collateral security for repayment of the debentures, until over 75% of the debentures were converted to common stock.
100 lakh extended by them without taking any collateral security and / or third party guarantee.
Collateral security consists only of pledges of 100% of the stock of domestic subsidiaries (with limited exceptions) and 65% of the stock of certain first-tier foreign subsidiaries.
The bonds can also be used as a collateral security to obtain loans from commercial banks.
Contract notice: Such collateral security and negotiation activities for db energie gmbh.
which calls for the release of Alembic's significant equity stake in our Nigerian subsidiary and the cancellation of a significant 15-year gross royalty from the future sales of our sickle cell drug in exchange for accelerated debt repayment and certain collateral security.
Tenders are invited for The contract includes providing nonstop physical Okra - monitoring and collateral security of the administrative building of the SEDA, including equipment, movable property in it, and implementation of access control in the building, for the period from 01/02/2016 d.