Collateral (finance)

Collateral in finance is something that someone gives a person or group (such as a bank) when they take out a loan. Collateral is given by the person taking the money before the loan starts, and it is given back when it ends. It is given to make sure the person taking the loan will return the money. If they default (fail to pay their debt), the loaner keeps the collateral. Examples include creative rights, a car, or a house.^[1]^[2]^[3]

References

↑ Treece, Kiah. "What Is A Collateral Loan And How Can I Get One? – Forbes Advisor". www.forbes.com. Forbes Advisor. Retrieved 27 May 2024.
↑ Security interests in intellectual property. Toshiyuki Kono. Singapore. 2017. ISBN 978-981-10-5415-0. OCLC 1001337977.{{cite book}}: CS1 maint: location missing publisher (link) CS1 maint: others (link)
↑ "Launch of new WIPO report series on unlocking IP-Backed Finance at Singapore's IP Week, 26 August 2021 – Sharing the Singapore Country Report". www.wipo.int. Retrieved 2021-12-24.

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[1] Treece, Kiah. "What Is A Collateral Loan And How Can I Get One? – Forbes Advisor". www.forbes.com. Forbes Advisor. Retrieved 27 May 2024.

[2] Security interests in intellectual property. Toshiyuki Kono. Singapore. 2017. ISBN 978-981-10-5415-0. OCLC 1001337977.{{cite book}}: CS1 maint: location missing publisher (link) CS1 maint: others (link)

[3] "Launch of new WIPO report series on unlocking IP-Backed Finance at Singapore's IP Week, 26 August 2021 – Sharing the Singapore Country Report". www.wipo.int. Retrieved 2021-12-24.

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