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Not who you're looking for? Others named collateral: episode of Justified · 2004 film directed by Michael Mann · 2015 studio album by Nervo · kin, or lines of kin, that are not in a direct line of desce
In lending agreements, collateral is a borrower's pledge of specific property to a lender, to secure repayment of a loan. The collateral serves as a lender's protection against a borrower's default and so can be used to offset the loan if the borrower fails to pay the principal and interest satisfactorily under the terms of the lending agreement.
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