HONGKONGDIR

HOMECompaniesDictionaryFAQs

Home » Dictionary » Lending&Credit » additional collateral

Additional Collateral

Definition
Request from lender for more assets to secure a loan obligation. Assets are used as collateral to reduce the risk for the lender should the borrower default. If contract terms allow, the lender can ask for more assets throughout the loan period if it appears there is an increased risk of default.

Nearby Terms
Similar companies
Copyright © 2013 hongkongdir.com All Rights Reserved.
Provides public information about companies in the Hong Kong.