Management Glossary

  Search Results: collateral
collateral
  1. (noun) An asset that is pledged against a loan. If the loan is not paid after the specified term and grace period, the lender may be able to seize the asset and recover any monies owing from its sale.
     
  2. (adjective) Accompanying, subordinate to, or supporting. As in "marketing collateral," which is some form of material that supports the marketing effort.

 

Contributed by: ManagerWise Staff
See: asset

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