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Từ vựng:

collateral security

Giải nghĩa:

/kəˈlætərəl sɪˈkjʊrəti/ – Phrase


Definition: sự đảm bảo thêm.

A more thorough explanation: Collateral security refers to an asset or property that a borrower pledges to a lender as a guarantee for repayment of a loan. If the borrower fails to repay the loan, the lender has the right to seize and sell the collateral to recover the outstanding debt.

Example: The borrower provided the lender with his car as collateral security for the loan.

 

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