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
Deposits and Guarantees required: The holder is exempt from the provision of a demand guarantee or a personal or collateral security.
100 lakh extended by them without taking any collateral security and / or third party guarantee.
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.
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.