Asset(s) pledged by a borrower to ensure repayment of a loan. If the borrower defaults, the lender may sell the security to pay off the loan.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). security (collateral). Retrieved September 20, 2026, from http://smartdefine.org/security_(collateral)/definitions/1163138 |
| Chicago | Barry Goldsmith. 2010. "security (collateral)" http://smartdefine.org/security_(collateral)/definitions/1163138 (accessed September 20, 2026). |
| Harvard | Barry Goldsmith 2010, security (collateral), Smart Define, viewed 20 September, 2026, <http://smartdefine.org/security_(collateral)/definitions/1163138>. |
| MLA | Barry Goldsmith. "security (collateral)" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/security_(collateral)/definitions/1163138> |