- Published on
Legal Terms – collateral
Adjective used to describe the link between individuals who have a common ancestor but are descended from him in various ways.2. adj. auxiliary; related to the primary topic but subordinate, etc. 3. n. Security for a debt that is extra to the primary security (or an advantage to the mortgagee beyond interest payments). For example, in addition to the primary security of a mortgage on the borrower's house, a lender may demand the assignment of an insurance policy as collateral.
Adjective used to describe the link between individuals who have a common ancestor but are descended from him in various ways.2. adj. auxiliary; related to the primary topic but subordinate, etc. 3. n. Security for a debt that is extra to the primary security (or an advantage to the mortgagee beyond interest payments). For example, in addition to the primary security of a mortgage on the borrower's house, a lender may demand the assignment of an insurance policy as collateral.
0 Comments