- cross–collateral
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cross–collateral n: collateral given to secure preexisting unsecured debt in return for new loans
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
cross–collateral
Look at other dictionaries:
cross-collateral — An agreement among project participants to pool collateral, to allow recourse to each other s collateral. Bloomberg Financial Dictionary … Financial and business terms
cross collateral — Security given by both parties to a contract or undertaking for performance or payment … Black's law dictionary
cross collateral — Security given by both parties to a contract or undertaking for performance or payment … Black's law dictionary
cross–collateralize — vt ized, iz·ing: to secure (a preexisting debt) with cross collateral cross–collateralization n Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
cross-collateralization — USA cross collateralization, Also known as bootstrapping. A practice used in DIP financing arrangements in which a debtor grants its existing prepetition lender a security interest in assets acquired after the bankruptcy filing (such as… … Law dictionary
Collateral management — Collateral has been used for hundreds of years to provide security against the possibility of payment default by the opposing party in a trade. Collateral management began in the 1980s, with Bankers Trust and Salomon Brothers taking collateral… … Wikipedia
Cross-collateralization — is a term used when the collateral for one loan is also used as collateral for another loan. If a person has borrowed from the same bank a home loan secured by the house, a car loan secured by the car, and so on, these assets can be used as cross … Wikipedia
Collateral — Col*lat er*al, a. [LL. collateralis; col + lateralis lateral. See {Lateral}.] 1. Coming from, being on, or directed toward, the side; as, collateral pressure. Collateral light. Shak. [1913 Webster] 2. Acting in an indirect way. [1913 Webster] If… … The Collaborative International Dictionary of English
Collateral assurance — Collateral Col*lat er*al, a. [LL. collateralis; col + lateralis lateral. See {Lateral}.] 1. Coming from, being on, or directed toward, the side; as, collateral pressure. Collateral light. Shak. [1913 Webster] 2. Acting in an indirect way. [1913… … The Collaborative International Dictionary of English
Collateral circulation — Collateral Col*lat er*al, a. [LL. collateralis; col + lateralis lateral. See {Lateral}.] 1. Coming from, being on, or directed toward, the side; as, collateral pressure. Collateral light. Shak. [1913 Webster] 2. Acting in an indirect way. [1913… … The Collaborative International Dictionary of English
