Liquidating loan definition

23-Dec-2015 20:32 by 8 Comments

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Related; indirect; not bearing immediately upon an issue.The property pledged or given as a security interest, or a guarantee for payment of a debt, that will be taken or kept by the creditor in case of a default on the original debt. Collateral facts are facts that are not independently provable from, and that are not directly relevant to, issues in a Cause of Action.

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Similarly, collateral ancestors are uncles and aunts, as contrasted with direct ancestors, such as parents and grandparents.1) n.

property pledged to secure a loan or debt, usually funds or personal property as distinguished from real property (but technically collateral can include real estate). referring to something that is going on at the same time parallel to the main issue in a lawsuit or controversy which may affect the outcome of the case, such as adoption of a new federal regulation or a criminal trial of one of the parties.(Accompanying), adjective accessory, additional, affiliated, ancillary, appertaining, associated, auxiliary, belonging, closely related, concomitant, conjoined, connected, correlated, correspondent, corresponding, coupled with, entwined, interrelated, parallel, related, simultaneous, supplemental, supplementary Associated concepts: collateral action, collateral agreement, collateral attack, collateral contract, collateral estoppel, collateral note, collateral powers, collateral proceeding, collattral promise, collateral source rule, collateral undertaking, collateral warranties(Immaterial), adjective being of no imporrance, extraneous, impertinent, inapplicable, inappropriate, incidental, inconsequential, indifferent, insignificant, irrelevant, meaningless, minor, negligible, nugatory, of little moment, peripheral, secondary, trivial, unconnected, unessential, unimportant Associated concepts: collateral evidence, collateral facts, collateral fraud, collateral impeachment, collateral inquiry, collateral issue, collateral matter, collateral question, collateral testimony Foreign phrases: Frustra probatur quod probatum non rellvat.

It is useless to prove that which when proved is irrellvant.

See also: additional, akin, ancillary, bail, binder, circumstantial, coextensive, concurrent, consanguineous, correlative, deposit, extrinsic, germane, hostage, hypothecation, incident, pendent, peripheral, pledge, related, relative, relevant, secondary, security, similar, subordinate, supplementary COLLATERAL, collateralis.

From latus, a side; that which is sideways, and not direct. A collateral heir is one who is not of the direct line of the deceased, but comes from a collateral line; as, a brother, sister, an uncle and aunt, a nephew, niece, or cousin of the deceased.

Asset-based lending is any kind of lending secured by an asset.

This means, if the loan is not repaid, the asset is taken.In this sense, a mortgage is an example of an asset-based loan.More commonly however, the phrase is used to describe lending to business and large corporations using assets not normally used in other loans.Typically, these loans are tied to inventory, accounts receivable, machinery and equipment.Asset-based lending in this more specific sense is possible only in certain countries whose legal systems allow borrowers to pledge such assets to lenders as collateral for loans (through the creation of enforceable security interests).Asset-based lending is usually done when the normal routes of raising funds is not possible, such as the capital markets (selling bonds to investors) and normal unsecured or mortgage secured bank.