Business Terms and Jargon Explained

What is Collateral

Where an asset or assets e.g. house, car is pledged as a guarantee to a lender for a loan. If repayments are not made or defaulted then the lender has the right to sell the collateral to recover the loan amount and charges.

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Witness summons Moving forward Forwarding Agent
Obiter dictum Compellable witness Sub modo
Directors Guarantee Letter Macro Virus Warrant of arrest
MD5 Satisfactory Quality Hedge
Tax Treaty N316A Civil Court form Marketing economies
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SHA384 N6 Civil Court form Sub nomine
Domain name Hash Function Subsidiary
Procureur BTW Grant of confirmation
Appraisal Easter egg Dialup

Term created / updated 2005-07-16 23:12:15

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