Collateral: What It Is, Types, and How It Works

Discover what collateral is, its different types, and how it secures loans. Learn what happens if a borrower defaults and how ...
CNBC

What is collateral on a loan — and when do you need it?

Collateral is a valuable asset (like a car, house or even cash) you can pledge to secure a loan. If you fail to repay your loan, the lender can seize whatever you've put up as collateral. Financial ...
Investopedia

Additional Collateral: What It Is, How It Works, Types

Lucas Downey is the co-founder of MoneyFlows, and an Investopedia Academy instructor. Chip Stapleton is a Series 7 and Series 66 license holder, CFA Level 1 exam holder, and currently holds a Life, ...