Collateral Security
Legal Definition and Related Resources of Collateral Security
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Meanings, Synonyms, Etymology, Translations and More
Meaning of Collateral Security
A separate obligation attached to another contract to guarantee its performance. Jobbers credit association Inc. v U.S., (D. C.N. Y.) 164 F. Supp. 22. It is a concurrent security for another debt, whether antecedent or newly created and is subsidiary to the principal debt running parallel with and collateral to the debt. It is a security in addition to , rather than in lieu of , the personal obligation of the borrower. Watzer v Walzer, 151 N. Y.S.2d 550, 1 A. D.2d 482.
Collateral Security Alternative Definition
A separate obligation attached to another contract to guaranty its performance. The transfer of property or of other contracts to insure the performance of a principal engagement. 38 Ga. 292; 9 Iowa 331. The property or securities thus conveyed are also called collateral securities. 1 Powell, Mortg. 393; 2 Powell, Mortg. 666, note 871; 3 Powell, Mortg. 944, 1001.
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Collateral Security in Historical Law
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Translate Collateral Security from English to Spanish
Translation of Collateral Security, with examples. More about free online translation into Spanish of Garantía colateral and other legal terms is available here.
Garantía colateral
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This definition of Collateral Security is based on the The Cyclopedic Law Dictionary. This entry needs to be proofread.
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Concept of Collateral Security in the context of Real Property
A short definition of Collateral Security: Most commonly used to mean some security in addition to the personal obligation of the borrower.
Concept of Collateral Security in the context of Real Property
A short definition of Collateral Security: Most commonly used to mean some security in addition to the personal obligation of the borrower.
Collateral Security