collateral
Definition
Something pledged as security for repayment of a loan, to be forfeited if the borrower defaults.
中文 作为贷款偿还担保而抵押的物品,借款人违约时则被没收。
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.
中文 作为贷款偿还担保而抵押的物品,借款人违约时则被没收。
"He used his car as collateral for the small business loan."