Real Estate Glossary



  Collateral

An asset (such as a car or a home) that guarantees the repayment of a loan. The borrower risks losing the asset if the loan is not repaid according to the terms of the loan contract.

 

[ Back To Real Estate Glossary ]


Home | Relocation | Mortgage Calculator | Mortgage Rates | Real Estate News | Schools | Local Phone Numbers | Weather Report | Newsletter | About Us

Real Estate Websites by iHOUSEweb, Inc. ®

Site Admin Menu