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As a noun, collateral means something provided to a lender as a guarantee of repayment Collateral is an asset used as a guarantee of payment to a lender or financial institution, typically a valuable item such as real estate, a vehicle, or an investment. So if you take out a loan or mortgage to buy a car or house, the loan agreement usually states that the car or house is collateral that goes to the lender if the sum isn't paid.
JAMIE FOXX, MICHAEL MANN, COLLATERAL, 2004 Stock Photo - Alamy
When offered a high fare for driving to several locations, max agrees but soon finds himself taken hostage by vincent who turns out to be a sociopathic hitman on a contract killing spree If that person defaults, i.e., fails to pay back the money, the lender can seize that item. Beattie first conceived the idea for the film when taking a taxicab home from sydney airport.
Collateral is a valuable asset that a borrower pledges as security for a loan, serving thus as a guarantee for the lender.
With tom cruise, jamie foxx, jada pinkett smith, mark ruffalo A cab driver finds himself the hostage of an engaging contract killer as he makes his rounds from hit to hit during one night in los angeles. Valuable property owned by someone who wants to borrow money, that they agree will become the… Property or other assets pledged by a borrower as security for the repayment of a loan.
Definition of collateral noun from the oxford advanced learner's dictionary Property or something valuable that you promise to give to somebody if you cannot pay back money that you borrow We had put our house up as collateral for our bank loan. Collateral synonyms, collateral pronunciation, collateral translation, english dictionary definition of collateral
Situated or running side by side
Collateral is something, a possession, that the borrower pledges as security when taking out a new loan
