Glossary
Welcome to our glossary section.
If you're looking for the definition of a particular finance term or phrase, you can look it up here in our loans glossary. If the term or phrase you're looking for isn't listed, please let us know and we'll make sure it gets included.
Collateral
In a similar vein to personal assets, collateral is a possession of value, which can sometimes be used within the term of a secured loan. The actual word is an Americanism.
