Collateral is a material asset used to secure a loan. An example of this is the equity in a home used by the bank to guarantee repayment of a home equity loan or home equity line of credit (HELOC). Collateral is commonly referred to as “security” and any loan where collateral is involved is called a “secure loan.”
Collateral
Learn how Ramp strengthens your finances
Oops! Something went wrong while submitting the form.