Definition:
Property used as security for a loan. If the debt is not paid, the lender has the right to sell the collateral to recover the value of the loan.
Related Terms:
Business Valuation
Equity
Loan
Related Information:
Small Business Loans
Financing a Small Business
Related Books:
Finding Money: The Small Business Guide to Financing
How to Get a Small Business Loan: A Banker Shows You Exactly What to Do to Get a Loan
More Books about Financing a Small Business
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