Sicherungsgut — meaning in English
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English meaning
- collateral noun An asset pledged as security for a loan, which the lender can claim if the borrower fails to repay.
Senses
Sicherungsgut is used for these senses in English:
- collateral (finance) A security or guarantee (usually an asset) pledged for the repayment of a loan if one cannot procure enough funds to repay.
collateral — full definition
- noun An asset pledged as security for a loan, which the lender can claim if the borrower fails to repay.
- adj Secondary or incidental, alongside the main effect or target.
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