collateral
Definition
Something pledged as security for repayment of a loan, to be forfeited if the borrower defaults.
한국어 대출을 상환하지 못할 경우에 몰수되는 보증물
Example
"He used his car as collateral for the small business loan."
Something pledged as security for repayment of a loan, to be forfeited if the borrower defaults.
한국어 대출을 상환하지 못할 경우에 몰수되는 보증물
"He used his car as collateral for the small business loan."